Product category:
Communications ICs (Wireless)
News Release from: Nemerix
Edited by the Electronicstalk Editorial
Team on 12 September 2005
More funds for Nemerix
Swiss GPS chipset manufacturer Nemerix has recently closed a Eur 25 million Series-B financing round.
Swiss GPS chipset manufacturer Nemerix has recently closed a Eur 25 million Series-B financing round, which included all the company's existing Series-A investors - Atila Ventures, Auriga Partners, PolyTechnos Venture-Partners and VI Partners Cadence Design Systems and Oak Investment Partners joined as new investors
This article was originally published on Electronicstalk on 12 May 2005 at 8.00am (UK)
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Chipset brings GPS services indoors
The Nemerix NJ2020 A-GPS plug-and-play chipset is engineered to respond to the most challenging requirements in the mobile phone market.
GPS receiver IC is easy to integrate
The NJ1836A GPS receiver is easy to integrate into portable products, delivering precise GPS performance with Nemerix's proven low-power technology.
Nemerix is a fabless semiconductor company offering the world's smallest and lowest power GPS chipsets for applications in rapidly growing markets such as location based services (LBS) for mobile handsets and other applications, including recreation handheld, PDA, automotive navigation and asset and people tracking.
These markets are expected to exceed Eur 4.5 billion in 2006.
Nemerix's unique value proposition lies in its proprietary architecture which delivers significant reduction in power consumption and chip size, offering an improvement of over 70% versus its closest competitors.
Further reading
Development platform aids GPS integration
The Nemerix EK 2040 is an ARM9-based development platform that helps customers incorporate Nemerix's chipsets and software solutions into their own products.
Design points to frugal handheld GPS
A new reference design helps OEMs, ODMs and third-party developers reduce the time, cost and complexity associated with creating Bluetooth-enabled GPS applications for handheld devices.
Nemerix offers both outdoor and indoor solutions and targets the mobile handset market by providing Assisted-GPS (A-GPS).
Nemerix's technical team originates from the renowned ETH Zurich.
The company's CEO, Vincent Mouret, has over 21 years of international semiconductor experience.
This Series-B financing represents the largest VC round in a fabless GPS semiconductor company to date.
Proceeds from this round will be used for new product development and international expansion.
"Oak strongly believes in the growth potential of existing and emerging GPS applications and the importance of low power to penetrate these markets".
"Nemerix has both the RF and GPS expertise, as well as the lowest power, high performance solutions to be a leader in this exciting space", says Bandel Carano, General Partner at Oak, who joins the Nemerix Board.
Vincent Mouret, Nemerix's CEO, comments: "We are very happy to welcome Oak to our group of leading international investors and are already highly impressed by their operational knowhow, network and ability to add significant value".
Eric Achtmann, Managing Partner at PolyTechnos, adds: "Nemerix has proven itself over the past year, gaining significant traction, winning major design-ins, and attracting an exceptional team".
"The addition of Oak and significant capital will go far to help Nemerix realise its full potential".
Stephen Rees, Chairman of Nemerix and President of Atila Venture Partners, notes: "Nemerix proves that it is possible to build world-class semiconductor companies in Europe".
"Combining exceptional European technical knowhow with American market expertise is a winning combination".
"We are very happy with the company's development and prospects".
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