PALO ALTO, Calif – June 7, 2010 – Ozmo Devices, the leading provider of low-power Wi-Fi Personal Area Network (Wi-Fi PAN) solutions, announced today that is has completed its series D funding round in the amount of $10.8 million. Atlantic Bridge Ventures led the round with participation of existing investors Granite Ventures and Intel Capital. Brian Long, partner at Atlantic Bridge, will join the Board of Directors. This significant milestone comes after the recent addition of Bill McLean as president and chief executive officer earlier this year and Ozmo Devices' recognition by Gartner as a "Cool Vendor in Semiconductors"(1).
"We have known Bill for a long time and were an investor in his previous success at GloNav," said Brian Long, Partner, Atlantic Bridge Ventures. "We believe Ozmo Devices has positioned itself uniquely in a fast-growing industry and have full confidence in its success."
"Atlantic Bridge is a welcome addition to our investment team," said Bill McLean, Chief Executive Officer, Ozmo Devices. "This financing fuels Ozmo's next growth phase as we start to ramp production with our customers. It puts Ozmo in a great position to solidify its leadership position in the low-power Wi-Fi peripherals market and take advantage of the market opportunity presented by the emerging Wi-Fi Direct standard."
(1) Gartner "Cool Vendors in Semiconductors, 2010," Jim Tully, Ganesh Ramamoorthy, Steve Ohr, Stan Bruederle, and Bryan Lewis
About Ozmo Devices
Ozmo Devices is the leading provider of low-power Wi-Fi PAN solutions. Ozmo Devices extends the functionality of Wi-Fi-enabled platforms to seamlessly communicate with peripherals. Ozmo Devices’ silicon solution delivers superior performance for low-power wireless peripherals like mice and headsets. Ozmo Devices is backed by top-tier venture capital firms and managed by semiconductor industry veterans. The company is headquartered in Palo Alto, California, and has offices in the United Kingdom. For more information about Ozmo Devices, visit www.ozmodevices.com.