Keyssa, a US-based wireless communication technology developer backed by chimpaker Intel, electronics producer Samsung and diversified technology developer Nantworks, has added more than $53m in additional funding, Reuters reported on Wednesday
Founded in 2009, Keyssa is developing a system called Kiss Connectivity that will be able to transfer large amounts of data between devices quickly and reliably using embeddable electromagnetic connectors, making wifi or wires unnecessary.
The company emerged from stealth in 2014, disclosing $47m in funding from Nantworks, corporate venturing units Intel Capital and Samsung Strategy and Innovation Centre, and venture capital firm Alsop Louie Partners.
Keyssa had not revealed any additional funding since then but has revealed contract electronics manufacturer Foxconn, semiconductor technology provider SK Hynix, Neuberger Berman, Dolby Family Ventures and Tony Fadell, founder of home device maker Nest, are also investors.
The extra funding was disclosed as Keyssa announced it is partnering Foxconn, Samsung and Fadell to form a mobile ecosystem called Connected World that will aim to develop its technology for use with mobile devices.
Young Sohn, Samsung’s president and chief strategy officer, said: “We live in an increasingly connected world, where devices, accessories, and even automobiles need to seamlessly transfer data, stream video and communicate with one another.
“Samsung was an early investor in Keyssa because we believe that their unique technology has the potential to shape this new era of connectivity.”
Keyssa chief executive Eric Almgren said: “We are happy to be working with our investors, all of whom have been unbelievably supportive throughout the development of this innovative technology.
“We can all envision a world where devices are free from wires and mechanical connectors without sacrificing bandwidth or security. This has been our vision from day one.”
– Image courtesy of Keyssa, Inc.