ZeroG Raises $17M

ZeroG Wireless secures $17M in funding

October 27, 2008

1 Min Read

SUNNYVALE, Calif. -- ZeroG Wireless, an innovator in low-power embedded Wi-Fi design, today announced that the company has closed its Series B round of financing totaling $17 Million. Indicative of the strong support of the company's vision, Battery Ventures led this round, and both Morgenthaler Ventures and Greylock Partners return as investors in this second round. ZeroG Wireless will use the financing to bring its products to market through expanded sales channels, further build out its executive team, and develop future products. Alex Benik, from Battery Ventures, joins the ZeroG Wireless board of directors to form a six-member board.

"While the traditional market for Wi-Fi silicon for laptops, access points and routers is well developed, ZeroG Wireless is targeting a multi-billion dollar segment of long-tail applications that will greatly expand the overall Wi-Fi market," said Alex Benik, Principal, Battery Ventures. "They are the first to offer a low cost, low power and easy to embed chip that allows literally any device to benefit from the huge existing base of Wi-Fi infrastructure. This opens up a world of possibilities and we're pleased to support the company as they progress toward their goal of creating an 'Internet of things.'"

ZeroG Wireless Inc.

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