DecaWave, a Dublin, Ireland-based fabless semiconductor company specializing in precise location and connectivity applications, closed a $30m funding round.
The round, which brings total funding to date to $60m, was led by Atlantic Bridge Ventures, with participation from the China Ireland Growth Technology Fund, ACT Venture Capital and ZZ Ventures. In conjunction with the funding, Brian Long and Gerry Maguire of Atlantic Bridge joined DecaWave’s board.
The company intends to use the funds to accelerate the development of its second-generation solution for the consumer and automotive markets and to further expand its presence in China.
Founded in 2007 by Ciaran Connell, CEO, and Michael McLaughlin, CTO, DecaWave offers Ultra-Wideband (UWB) wireless technology that provides precise location and connectivity for applications that can identify the specific location of any object, person, or place within centimeters. DecaWave’s technology enables a broad range of applications, in diverse markets including automotive, robotics, connected home, phone accessories, factory and building automation.