LONDON Ozmo Devices Inc. (Palo Alto, Calif.), a fabless, chip company working on personal area networks based on Wi-Fi, has said it has received $7.5 million in Series C funding from current investors; Granite Ventures, Intel Capital and Tallwood Venture Capital.
Ozmo, founded as H-Stream Wireless in December 2004, provides chips for low-power Wi-Fi PANs for peripherals such as Wi-Fi-enabled PCs, smartphones, multimedia players, and game consoles. Proponents of Ozmo and its technology argue that low-power Wi-Fi outperforms legacy technology, such as Bluetooth.
Dave Lyon, Ozmo chief executive officer, said the company would use the money to expand its sales, development and field engineering activities.
"Ozmo Devices has gained market traction and forged key relationships with noteworthy companies including Intel, Avago Technologies, and Wolfson Microelectronics. We are pleased to continue to support the company as it scales up its operations," said Len Rand, managing director of Granite Ventures
"Extending standardized and near-ubiquitous Wi-Fi connectivity to keyboards, mice, and other peripherals and adjunct devices simplifies overall product designs, improves reliability, and opens the door to new applications and greater convenience for both enterprise users and consumers," said Craig Mathias, an analyst with wireless advisory firm Farpoint Group (Ashland, Mass.).
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