GainSpan, a wireless connectivity company spun off from semiconductor maker Intel Corporation in 2005, has closed a $19m D round of funding, with participation from two new strategic investors, barcode technology company Zebra Technologies Corporation and networking component provider Oplink Communications. Existing investors, Opus Capital, Intel’s corporate venturing unit Intel Capital, New Venture Partners, Sigma Partners, Camp Ventures and Hatteras Funds, have also participated in the financing.
Phil Gerskovich, senior vice president new growth platforms, Zebra Technologies Corporation, said: “Zebra is committed to providing more products and solutions to help businesses take advantage of the Internet of Things in their operations to gain greater visibility into their value chains. We are excited about how GainSpan’s unique technology can enable new categories of products to become a part of the Internet of Things.”
Joe Liu, chief executive officer of Oplink Communications, said: “GainSpan is recognized as a leader in low-power Wi-Fi technology. We invested in GainSpan because its technology further strengthens Oplink Security’s smart, cloud-based home and small business security alert service offerings.”
Previously in December 2011, GainSpan secured $18m in series C financing from investors including Intel Capital and In-Q-Tel, the venturing unit funded by the US intelligence community.