|By Business Wire||
|April 8, 2014 09:13 AM EDT||
Ineda Systems, a developer of low-power SoCs (system on a chip) for use in the fast-growing wearables and Internet of Things (IoT) market segment, today announced that it has raised $17M in Series B funding.
The investment was led by Walden-Riverwood Ventures and includes co-investors Samsung Catalyst Fund, Qualcomm Incorporated, through its venture capital arm, Qualcomm Ventures, IndusAge Partners and others, along with existing investors that include Imagination Technologies whose IP cores such as processor, graphics and other cores are used in Ineda’s products. The funding will be used to further develop Ineda’s new class of highly integrated, ultra-low power semiconductor and software products that are aimed at the wearable device segment. These SoCs will be applicable to a multitude of devices such as smartwatches, health and fitness trackers and other wearable devices, as well as IoT.
Led by Chairman of the Board and GLOBALFOUNDRIES CEO Sanjay Jha, Ineda Systems’ board represents years of experience in the semiconductor and processor industry. Ineda’s other external board members include Lip-Bu Tan, chairman of Walden International and CEO of Cadence, and Krishna Yarlagadda, president of Imagination, Inc.
“The market is primed for a new class of semiconductor architecture that is specifically designed to be ultra-low power and high performance for use in the rapidly growing wearable technology space,” said Ineda Systems CEO Dasaradha Gude.
“With its industry-first WPU technology and world-class management team, we are confident that Ineda Systems will be able to meet the long battery life and high performance requirements in the wearables market,” said Sanjay Jha, Ineda Systems chairman and CEO of GLOBALFOUNDRIES.
About Ineda Systems
Ineda Systems, Inc. (pronounced “E-ne-da”) is a startup company founded by industry veterans from the United States and India with an ultimate goal of becoming a leader in developing low power SoCs for use in both consumer and enterprise applications. The advisory and management team has world-class experience working in both blue chip companies as well as fast-paced technology startups. Ineda’s expertise is in the area of SoC/IP development, architecture and software that is necessary to design silicon and systems for next generation of low power consumer and enterprise applications.
The company has offices in Santa Clara, California, USA and Hyderabad, India.
Ineda Systems, Inc. has applied for the trademark of WPU. All other trademarks used herein are the property of their respective owners.
Oct. 9, 2015 11:15 PM EDT Reads: 197
Oct. 9, 2015 11:00 PM EDT Reads: 636
Oct. 9, 2015 10:15 PM EDT Reads: 210
Oct. 9, 2015 10:15 PM EDT Reads: 136
Oct. 9, 2015 10:00 PM EDT Reads: 243
Oct. 9, 2015 10:00 PM EDT Reads: 452
Oct. 9, 2015 10:00 PM EDT Reads: 196
Oct. 9, 2015 09:30 PM EDT Reads: 311
Oct. 9, 2015 09:00 PM EDT Reads: 416
Oct. 9, 2015 08:00 PM EDT Reads: 935
Oct. 9, 2015 08:00 PM EDT Reads: 316
Oct. 9, 2015 07:45 PM EDT Reads: 171
Oct. 9, 2015 06:45 PM EDT Reads: 230
Oct. 9, 2015 06:30 PM EDT Reads: 140
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Oct. 9, 2015 06:00 PM EDT Reads: 324