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WiQuest Shuts Doors

Allen, Texas-based WiQuest, a designer of ultra-wideband (UWB) chipsets, has shut down, according to industry publication EETimes. EETimes said that WiQuest officially shut down on October 31st, putting around 120 people out of work. WiQuest was venture backed by Adams Street Partners, D.E. Shaw, iD Ventures America, Menlo Ventures, Palomar Ventures, Sequoia Capital, and TriplePoint Capital. The firm had raised at least $59M in funding since 2004.