Kiyon Scores Mesh Funds

Broadband wireless mesh networking systems provider Kiyon raises $10M in an oversubscribed Series B round led by Siemens Venture Capital

August 2, 2005

3 Min Read

LA JOLLA, Calif. -- Broadband wireless mesh networking systems provider Kiyon, Inc.announced today that it has raised $10 million in an oversubscribed Series B round financing. SiemensVenture Capital led the round with Jacobs Capital Group of Pasadena, California co- investing.Kiyon is an indoor wireless broadband mesh networking company focused on the digital home, RFID,and building automation industry markets for infrastructure and direct client applications.

“With this financing, and our current and projected revenue, Kiyon will be profitable by the mid part of2006,” predicted Dr. Michael Nova, CEO and Founder. “The investment from these respected industryleaders, Siemens, through its venture organization Siemens Venture Capital and Jacobs Capital Group,an entrepreneurial oriented venture fund, along with accelerating customer traction is recognition of anirreversible trend toward ubiquitous wireless connectivity and Kiyon’s ability to deliver the softwaresolution that will seamlessly link the expanding universe of mobile and edge devices. The biggest issuefor us now, is keeping up with customer demand,” said Nova.

“Kiyon is an exciting wireless mesh networking company with a very strong product portfolio andsuperior technology approach. They are aggressively working to service their customer demand andfocus on expanding the market penetration. Kiyon will have strategic relevance to many Siemensbusiness units including Automation & Drives, Communications, Siemens Business Services, RFID andSiemens Building Technologies. As an investment from Siemens Venture Capital means more thanjust money, this investment is a great fit. We can provide intensive support to Kiyon and foster itsdevelopment in bringing together Kiyon with our business units in addition to our financialcontributions”, said Todd Jaquez-Fissori, Investment Partner at Siemens Venture Capital in the SanJose office.

“We’re excited about this investment in Kiyon. We think Kiyon is well positioned to emerge as asignificant player in the mesh networking market. This funding will enable Kiyon to rollout its product inseveral markets. We look forward to working with management and the other investors in building thiscompany “ said Alex Suh, Managing Director with Jacobs Capital Group.

Kiyon’s IP and technology is based on innovations in mesh networking aimed at the center ofconverging trends involving seamless wireless mobility, security, ubiquitous connectivity and anevolution of all communications media toward a common packet-based Internet Protocol. The KiyonAutonomic Network (KAN) software allows for QoS and complete broadband TCP/IP throughput overmultiple hops in a wireless mesh network. Kiyon’s software kernel is downloadable to any client orconsumer electronic device for P2P and M2M connectivity and solves key throughput problems forwireless broadband transmission over multiple hops while continually self-managing all network andapplication functions automatically. Kiyon’s technology serves as an “Operating System forConvergence” for high bandwidth applications connected by 802.11x WiFi, UWB, WiMax, BACnet andother wireless platforms in a home, business, or community setting. The technology is the only knownindoor mesh software solution that can run any high bandwidth application with QoS and Security onsingle radio platforms, including VoIP, multimedia video, RFID and many others.

According to IT industry analyst IDC, by the year 2008, there will be 16.4 billion networked devicesworldwide, the majority of them wireless. Networked edge devices will handle more than 50% of allnetwork traffic. “Kiyon aims to be the network operating system for all this connectivity,” says Nova.

Kiyon Inc.

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