September 14, 2009
VC Firms, Granite Ventures, Tallwood Venture Capital, and Intel Capital Invest $7.5 Million in Series C Funding for Ozmo Devices
Based in Palo Alto, California, Ozmo Devices, a leading provider of WiFi PAN solutions announced today that it has received $7.5 million in series C funding from its existing investors, who include Tallwood Venture Capital, Granite Ventures, and Intel Capital.
Ozmo Devices is a leading provider of low power WiFi solutions which enable all kinds of devices to hook up to public WiFi networks. In todayâ€™s world, there are many devices that need a WiFi network to function, ranging from laptop computers to multimedia players and smart phones. Furthermore, with many businesses having their own WiFi LAN and PAN networks, many shared printers are connected wirelessly as well as head sets and other peripheral devices. The technology that Ozmo Devices provides is to provide a seamless connection and interaction with all peripheral devices and laptop computers in an office situation. Ozmo Devices allows for WiFi networks to expand their capabilities. Furthermore, this revolutionary wireless coverage runs on low power and brings tremendous savings to its users.
Another achievement that Ozmo Devices has accomplished is being part of the Intel Developer Forum, which will take place on September 22 through 24, 2009. At this forum, Ozmo Devices will demonstrate its technology. The Intel Developers Forum is scheduled to be held at the Mascone Center, West in San Francisco, California.
According to Len Rand, Managing Partner of Granite Ventures; the leadership that Ozmo Devices is demonstrating in the WLAN and WPAN arena and its IC products are starting to outperform other wireless connecting signals for peripheral devices, such as Bluetooth provides the company with a strong foundation for future growth. Mr. Rand further stated that Ozmo Devices has a revolutionary technology and has already sealed some strong business partnerships with powerful tech giants, such as Intel and Avago Technologies. The team at Granite Ventures is happy to continue to back Ozmo Devices in its future endeavors.
According to Ozmoâ€™s CEO, Dave Lyon; this new round of funding will allow the company to expand its sales, as well as field its engineering efforts to develop new state-of-the-art technologies for the WiFi industry.
Founded in 1992, Granite Ventures is a vc firm that primarily invests in early stage companies who are in the tech industry. Currently, Granite Ventures has over $1 billion in committed capital under its management and since its founding has invested in over 90 privately owned companies. Some other companies in Graniteâ€™s portfolio include Agilence, AirTight Networks, Digital Fountain, GigaNet, NetBoost, NetEffect, and others.
Tallwood Venture Capital is a vc firm that is dedicated to the semiconductor industry and to other technologies that might affect the semiconductor industry. Tallwood currently has over $500 million under its management and the people at Tallwood believe that this fund puts the vc firm on par with the semiconductor industry. Some other companies in Tallwoodâ€™s portfolio include Abound Logic, Alphion, Astute Networks, Audience, Calypto Design Systems, Marvell Technology Group, and others.
Intel Capital is the vc arm of Intel and mainly invests in promising companies in the tech industry which can be of benefit to Intel. Intel Capital invests worldwide and has its goals on spurring entrepreneurial spirit, while generating financial gain at the same time.
For more information about Ozmo Devices, click here.