Wiquest Semiconductors India Private Limited was founded in 2003 with a mission to pioneer ultra high-speed, short-range wireless connectivity for next-gen PC, consumer electronics, and mobile systems. The company, specializing in the design and development of comprehensive WiMedia-based ultrawideband (UWB) solutions, offered chipsets, software, and reference designs. Their technology facilitated a new class of applications for wireless connectivity in PCs, consumer electronics, and mobile systems, heralding The New Frontier of Wireless™. Despite its potential, WiQuest Communications ceased operations in October 2008. The company's last investment of $28.00M Series C came in on 11 June 2007, with funding from a group of investors, including Adams Street Partners, Menlo Ventures, Palomar Ventures, TriplePoint Capital, iD Ventures America, Sequoia Capital, and D. E. Shaw & Co. The venture, while promising, faced challenges that eventually led to its closure.
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