PALO ALTO, California, June 7, 2010 /PRNewswire/ -- Ozmo Devices, the leading provider of low-power Wi-Fi Personal Area
Network (Wi-Fi PAN) solutions, announced today that is has completed its
series D funding round in the amount of US$10.8 million. Atlantic Bridge
Ventures led the round with participation of existing investors Granite
Ventures and Intel Capital. Brian Long, partner at Atlantic Bridge, will join
the Board of Directors. This significant milestone comes after the recent
addition of Bill McLean as president and chief executive officer earlier this
year and Ozmo Devices' recognition by Gartner as a "Cool Vendor in
"We have known Bill for a long time and were an investor in his previous
success at GloNav," said Brian Long, Partner, Atlantic Bridge Ventures. "We
believe Ozmo Devices has positioned itself uniquely in a fast-growing
industry and have full confidence in its success."
"Atlantic Bridge is a welcome addition to our investment team," said Bill
McLean, Chief Executive Officer, Ozmo Devices. "This financing fuels Ozmo's
next growth phase as we start to ramp production with our customers. It puts
Ozmo in a great position to solidify its leadership position in the low-power
Wi-Fi peripherals market and take advantage of the market opportunity
presented by the emerging Wi-Fi Direct standard."
(1) Gartner "Cool Vendors in Semiconductors, 2010," Jim Tully, Ganesh
Ramamoorthy, Steve Ohr, Stan Bruederle, and Bryan Lewis
About Ozmo Devices
Ozmo Devices is the leading provider of low-power Wi-Fi PAN solutions.
Ozmo Devices extends the functionality of Wi-Fi-enabled platforms to
seamlessly communicate with peripherals. Ozmo Devices' silicon solution
delivers superior performance for low-power wireless peripherals like mice
and headsets. Ozmo Devices is backed by top-tier venture capital firms and
managed by semiconductor industry veterans. The company is headquartered in
Palo Alto, California, and has offices in the United Kingdom. For more
information about Ozmo Devices, visit http://www.ozmodevices.com.