Strix Meshes With Samsung
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