LONDON – Ultrawideband chip company DecaWave Ltd. (Dublin, Ireland) has raised 6 million euro (about $7.9 million) in a second round of financing that brings the total raised by the company to 12.4 million euro (about $16 million).
The company also announced that Jim O'Hara, a former Intel vice president and general manager of Intel Ireland, has been appointed chairman.
DecaWave, founded in 2004, is a fabless company that is developing ultra wideband (UWB) technology for real-time location systems (RTLS) and wireless sensor networks (WSN). It's Scensor chip is a CMOS ultra-wideband IC based on the IEEE 802.15.4a standard that supports data rates of 110-kbps, 850-kbps, 6.8-Mbps, and 27-Mbps. The company sampled devices in 2009.
"DecaWave is entering the final critical stage of our development before we reach full commercialization for our ScenSor chip, and we believe Jim's decision to join us, along with the additional 6 million euro in funding from our investors, further validates and endorses both DecaWave's vision and our technology," said Ciaran Connell, CEO of DecaWave, in a statement.
DecaWave was co-founded in Dublin by company president and CTO Michael McLaughlin, a contributor to the IEEE 802.15.4a standard, and CEO Ciaran Connell, formerly of Motorola and Freescale Semiconductor. The company is privately held, and employs 25 in Dublin Ireland, with offices in San Jose California, Seoul South Korea, and Toulouse France.
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