Product category:
Communications ICs (Wireless)
News Release from: Artimi
Edited by the Electronicstalk Editorial
Team on 22 March 2007
Dual-mode wireless attracts more funding
Artimi has raised an additional US $5 million in funding, bringing its Series B financing to $31.5 million.
Artimi has raised an additional US $5 million in funding, bringing its Series B financing to $31.5 million The latest investment comes from new investor Khosla Ventures, founded by Vinod Khosla, one of the world's most influential venture capitalists
This article was originally published on Electronicstalk on 7 Jul 2008 at 8.00am (UK)
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Artimi's overall financing now totals $50 million.
"Almost anyone who uses digital cameras has probably wished for a faster, easier way to get pictures to a computer or printer, and that need gets greater with newer, more powerful devices coming every day", notes Vinod Khosla, founder and Partner of Khosla Ventures.
"Artimi's breakthrough embedded technology offers consumers ultra simple connectivity for digital cameras, phones, media players and more".
The funding from Khosla coincides with Artimi's successful demonstrations of next-generation Bluetooth over ultrawideband (UWB) for mobile handsets at the 3GSM World Congress in Barcelona and a wireless USB digital camera reference design at the Photo Marketing Association conference in Las Vegas.
Consumer electronics manufacturers are currently developing a variety of portable products based on Artimi's dual-mode wireless connectivity technology.
"With more than a billion portable consumer electronic devices shipped each year, and consumers' need to transfer media-rich content, the market opportunity for wireless connectivity is very large", says Colin MacNab, CEO of Artimi.
"Artimi's support for both Certified Wireless USB and next-generation Bluetooth means manufacturers don't have to choose one technology or another for their products".
"We've already gained significant market traction with brand-name companies in the areas of storage, digital cameras and mobile handsets, and this follow-on Series B investment from Khosla Ventures further validates our dual-mode technology strategy".
"This additional funding also allows us to support volume production through 2008 and stay focused on building the business".
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