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Wearable devices chip maker Ineda Systems raises $17M in Series B led by Walden-Riverwood Ventures

Apr 09, 2014 - VC Circle

Last October, Ineda had raised a little over $9 million in its first round of funding from a group of around a dozen investors including former Motorola chief Sanjay Jha.

Hyderabad-based Ineda Systems Inc, a developer of IP chips for wearables and Internet of Things (IoT) market segment, has secured $17 million in Series B round of funding led by Walden-Riverwood Ventures. This round also saw participation from Samsung Catalyst Fund, Qualcomm Ventures, IndusAge Partners and existing invest...