Funding
GreenPeak Technologies, a fabless semiconductor company developing ultra-low power wireless and battery-free data communication technologies for consumer electronics and sense and control applications, has announced the closing of a €13 million second round, led by Gimv and Robert Bosch Venture Capital and supported by DFJ Esprit, Motorola Ventures and Allegro Investment Fund.
Cees Links, CEO of GreenPeak Technologies, said, “Securing new funding in this challenging financial climate shows the market potential of GreenPeak’s technology and applications. We are very proud that a world-class company like the Bosch Group, via its venture capital organisation, is sharing the vision with our existing investors that [our] wireless IEEE802.15.4 and ZigBee technology will create a whole new class of wireless products for home, building and industrial automation. With this funding the company will be able to expand its distribution channels and ramp volume.”
Claus Schmidt, Managing Director with Robert Bosch Venture Capital, is joining the GreenPeak board. “Bosch covers many fields in home, building and industrial applications and recognises the potential of wireless sense and control networks in these fields. GreenPeak has impressed us with their clear market vision as an innovator in the wireless and battery-free sense and control networks,” he said.
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