Intel Capital backs a $10.3m round of a US-based wireless connectivity company and takes warrants in a UK-based chip company, with a long and storied past.

Intel Capital backed two companies yesterday, investing in US-based wireless connectivity company BridgeWave Communications and acquiring warrants in UK-based chip company Plessey Semiconductors.

The corporate venturing unit of the US-based chip-maker led BridgeWave to a $10.3m round alongside venture firm Morgan Creek Capital Management.

Venture firm Core Capital and secondaries firm Cipio Partners also took part in the round.

BridgeWave was founded in 1999 and has raised an estimated $75m since its founding. See GCV’s analysis of earlier…