Wilocity Receives New Financing Round

  • Feed Type
  • Date
    11/7/2013
  • Company Name
    Wilocity
  • Mailing Address
    530 Lakeside Dr Sunnyvale, CA 94085
  • Company Description
    Wilocity Ltd. develops 60 GHz wireless chipsets for the notebook and peripheral markets. Its wireless solution provides gigabit wireless networking and point-to-point connectivity. The company’s gigabit wireless semiconductor solution brings a desktop experience to mobile computers. Wilocity Ltd. was founded in 2007.
  • Website
    http://www.wilocity.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Cisco Systems and high-capacity wireless chipmaker Wilocity revealed on Wednesday they have started working together to develop 60 GHz enterprise networking products that could support massive transmission speeds of 5 Gbps.
  • M&A Terms
  • Venture Investor
    Cisco