ZeroG Wireless, a start-up based in Sunnyvale, California, closed $17 million in Series B funding for its development of low-power Wi-Fi chips. The company is focused on "Long Tail" market segments that were previously unserved by Wi-Fi. Such Wi-Fi applications could include Smart Energy, consumer electronics, home and building controls, portable medical devices, sensor networks, etc. Product plans have not been disclosed.
The funding round was led by Battery Ventures with both Morgenthaler Ventures and Greylock Partners returning as investors in this second round funding.
"We are on the edge of a dramatic shift in how people connect with 'things,'" said John Cummins, CEO, ZeroG Wireless. "In five years it will be hard to find an electronic device that is not connected to the internet," Cummins continued. "This funding will enable ZeroG to deliver products that will connect billions of new devices to the massive Wi-Fi infrastructure."http://www.zerogwireless.com
- ZeroG Wireless is headed by John D. Cummins, who previously spent six years at Agere Systems/Lucent Microelectronics, where he was most recently Vice President responsible for the Greater China region. The company's technical team is headed by Dr. Thomas H. Lee, who is concurrently a tenured professor at Stanford University, and Dr. Andrew N. Karanicolas, who previously was the Design Director at True Circuits, where he was responsible for the design and development of PLL and DLL IP for precision clock generation and memory interface applications in CMOS technologies.
