Wisair, a supplier of Ultra Wideband (UWB) and Wireless USB (WUSB) solutions, has secured $24 million in its latest round of funding, which included four new international investors.
Financing was led by Susquehanna Growth Equity (SGE), a US-based private equity fund investing in growth capital and late stage venture opportunities. SGE was joined by European-based Advent Venture Partners ('Advent Ventures'), Bridge Capital Fund of Japan (an affiliate of Nikko Antfactory), and Yasuda Ventures.
Existing Wisair investors also participated, and included Apax Partners, Broadcom, Intel Capital, Vertex, and Zisapel brothers from the RAD group.
"Wisair has made a number of remarkable accomplishments in the WUSB market space over the past few years, with the most recent milestone being the delivery of the regulation and standards-approved WSR601 single-die CMOS chip," said Jonathan Klahr of SGE.
"This additional funding will enable Wisair to accelerate the release of products with integrated WUSB capabilities to satisfy the burgeoning demand for simple high-speed wireless connectivity in the consumer electronics industry," Klahr said.