Ozmo takes $7.5M for wireless personal area networks
Ozmo Devices, provider of wireless personal area networks for consumers to run battery-powered devices for cheap, has taken in $7.5 million in a third round of funding targeted at $10 million from Granite Ventures, Intel Capital and Tallwood Venture Capital. The Palo Alto, Calif. company has now raised $32.5 million, including the $3.75 million it raised at the end of July, as part of this recent round.
Ozmo snags $3.75M for wireless personal area networks
Ozmo Devices, provider of technology that allows users to create wireless personal area networks for battery-operated devices at low prices, has raised $3.75 million toward an anticipated $10 million round of equity, according to PE Hub. Part of this sum came from the conversion of $750,000 in promissory notes acquired in June. The Palo Alto, Calif., company previously raised $12.5 million. It is backed by Granite Ventures, Intel Capital and Tallwood Venture Capital.
Ozmo Devices comes out of stealth mode to do Wi-Fi PAN software
Ozmo Devices has come out of hiding to make software to create a short-range wireless network around someone’s computer.
Ozmo’s software uses Wi-Fi radio to create a “personal area network,” or a short-range wireless Internet network that can transmit data from devices to a laptop computer. The software lets computer makers replace more expensive hardware that does the same function.
The Palo Alto, Calif., company told VentureWire that it raised $12.5 million in funding from Granite Ventures,… Continue Reading