Ozmo Devices announces $10.8 million in series D funding

PALO ALTO, USA: Ozmo Devices, the leading provider of low-power Wi-Fi Personal Area Network (Wi-Fi PAN) solutions, has completed its series D funding round in the amount of $10.8 million.

Atlantic Bridge Ventures led the round with participation of existing investors Granite Ventures and Intel Capital. Brian Long, partner at Atlantic Bridge, will join the Board of Directors. This significant milestone comes after the recent addition of Bill McLean as president and chief executive officer earlier this year and Ozmo Devices' recognition by Gartner as a "Cool Vendor in Semiconductors".

"We have known Bill for a long time and were an investor in his previous success at GloNav," said Brian Long, Partner, Atlantic Bridge Ventures. "We believe Ozmo Devices has positioned itself uniquely in a fast-growing industry and have full confidence in its success."

"Atlantic Bridge is a welcome addition to our investment team," said Bill McLean, CEO, Ozmo Devices. "This financing fuels Ozmo's next growth phase as we start to ramp production with our customers. It puts Ozmo in a great position to solidify its leadership position in the low-power Wi-Fi peripherals market and take advantage of the market opportunity presented by the emerging Wi-Fi Direct standard."