GainSpan Corporation, a San Jose, CA-based provider of solutions for ultra-low power Wi-Fi connectivity for the Internet of Things (IoT), closed a $19m funding.
Backers included new strategic investors Zebra Technologies Corporation and Oplink Communications, Inc. and existing investors Opus Capital, Intel Capital, New Venture Partners, Sigma Partners, Camp Ventures and Hatteras Funds.
The company intends to use the new funding to extend its position in IoT Wi-Fi and to complete development and launch its recently introduced GS2000 based family of chips, modules and application development kits.
Led by Greg Winner, president and CEO, GainSpan provides semiconductor solutions for wireless connectivity for the emerging Internet of Things. The company’s solutions allow customers to create connected products for smart energy, healthcare and control/monitoring in industrial, commercial and residential markets.
It has a broad portfolio of low-power Wi-Fi and ZigBee/Wi-Fi chips, modules and software.
A spinoff of Intel Corporation, GainSpan is a member of the Wi-Fi Alliance® and the ZigBee Alliance.
FinSMEs
27/06/2013