Ultra-wideband (UWB) semiconductor company Alereon secured $31.5 ...
Ultra-wideband (UWB) semiconductor company Alereon secured $31.5 million in its first round of Series A financing. The company, which had been part of Time Domain, said it would use the proceeds to complete development of its UWB chipset solution,…
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bring its product to market and obtain initial revenue. Alereon said the round of funding was led by Austin Ventures, with some financing contributed by Pharos Capital, Centennial Ventures, eCentury Capital, Duchossois Technology Partners and PTV Sciences. Alereon said its first product would connect TVs, PCs, camcorders, digital cameras, printers, DVDs and MP3 players to one another “at hundreds of megabits per second using very little power.” Alereon said its chipset would function as a wireless USB or IEEE 1394 connection.