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June 19, 2006
Nanoradio Ramps Up Tiny WiFi Chips
On the back of design in wins with undisclosed "tier 1" manufacturers, Sweden's Nanoradio, specialized in wireless LAN chips, is ramping up.
Nanoradio was founded to target the emerging market for low power wireless chips, increasingly in demand by makers of mobilephones, wireless headsets, MP3 players and digital cameras.
Such chips have to be super low in power consumption so batteries don't run down too quickly. And it appears that Nanoradio's two chip solution fits the bill.
The financing for the ramp up to volume production has just been announced with an $11.5M Series B internal round. The venture-backers hold a majority stake in the two year old company founded by Pär Bergsten (this is his second venture after a career at Ericsson).
Read- Nanoradio Completes (press release)
Posted on June 19, 2006 09:37 AM | Posted to News And Updates | Venture Capital | Wireless | Permalink
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