DecaWave Limited, a Dublin, EIRE- based early stage semiconductor company, has received a €2m in funding.
The investment was co-led by the Bank of Ireland Kernel Capital Fund and International Investment and Underwriting (IIU).
DecaWave provides real-time location and wireless sensor solutions. Its flagship product is ScenSor, whose chip is designed to solve a wide range of problems including how to identify and accurately track the specific location of any object or person, utilizing low power, low cost wireless-enabled sensors. Based on its patented ultra wideband (UWB) technology, the company’s products have applications in different fields including health, manufacturing, safety and security.
The new funds will be used to accelerate the next phases of growth for ScenSor technology.
DecaWave has already established a Partnership Agreement with leading Korean telecommunications company, LG Innotek who will manufacture modules based on DecaWave’s ScenSor chips.
The company currently employs 18 people and a number of contractors based in Dublin, France, the United States and Asia.
FinSMEs
03/11/2010