x
Carrier WiFi

Strix Meshes With Samsung

WiFi mesh startup Strix Systems Inc. will announce this morning that WiMax player Samsung Corp. has invested an undisclosed amount of money in the company. The pair plan to cooperate on working with the two metropolitan area technologies, WiFi and WiMax, both in immediate deployments and more long-term projects.

Samsung has made a multimillion-dollar strategic investment in the startup, the financial details of which are not being revealed. Typically, however, companies such as Intel Corp. (Nasdaq: INTC), Motorola Inc. (NYSE: MOT), and Samsung have tended to make strategic investments on or under the $10 million mark.

Strix's VP of marketing, Nan Chen, says the new money will be spent on "expanding market opportunities and R&D." Excluding this strategic investment, Strix has so far gathered $54 million in venture funding since its inception in 2000. (See Strix Strikes $12M to Make Mesh.)

Get all the details at Unstrung.

— Dan Jones, Site Editor, Unstrung

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE