Wilocity Raises $35 Million from Investors
Published on: 17th Oct 2013
By: Ian Mansfield
Israel based wireless chipset developer Wilocity is reported to have raised USD35 million in further investment funding.
Wilocity was founded in 2007 by four former Intel employees and started selling its chipsets in 2012. The company offers local range wireless broadcasts in the 60Ghz spectrum bands. The wireless speeds can reach 1-5Gbps.
Citing unnamed sources the Globe newspaper said that Alan Feld's Vintage Investment Partners and Shlomo Kalish's Jerusalem Global Ventures (JGV) led the investment, and were joined by current investors Benchmark Capital, Sequoia Capital, Tallwood Venture Capital, and strategic investors Marvell Technology and Qualcomm unit Atheros, and a new strategic investor.
The company secured a major breakthrough earlier this year when its products were preinstalled in Dell laptops.
On the web: Globes