GainSpan Corporation is a San Jose, CA–based provider of ultra-low-power Wi‑Fi connectivity solutions for the Internet of Things. Led by president and CEO Greg Winner, the company offers a broad portfolio of low-power Wi‑Fi and ZigBee/Wi‑Fi chips, modules and software. Its solutions enable connected products for smart energy, healthcare and control/monitoring across industrial, commercial and residential markets. A spinoff of Intel, GainSpan is a member of the Wi‑Fi Alliance and the ZigBee Alliance. The company closed a $19M funding round and intends to use the proceeds to extend its position in IoT Wi‑Fi and to complete development and launch its GS2000-based family of chips, modules and application development kits. Backers include new strategic investors Zebra Technologies Corporation and Oplink Communications, as well as Opus Capital, Intel Capital, New Venture Partners, Sigma Partners, Camp Ventures and Hatteras Funds. GainSpan develops ultra-low power embedded Wi‑Fi solutions including system-on-chip (SoC), modules and software that enable customers to leverage the installed base of Wi‑Fi access points and smartphones. The company’s product suite is focused on connecting Things to the Internet and People to Things. It targets applications in healthcare, smart energy and control and monitoring across industrial, commercial and residential markets. Led by President and CEO Greg Winner and based in San Jose, CA, GainSpan said it will use new funding to further develop its next‑generation ultra‑low power Wi‑Fi chip. The company recently raised $18M in a Series C financing from a mix of new and existing investors. GainSpan also maintains R&D operations in India to support product development. GainSpan develops low-power Wi‑Fi semiconductor solutions. The company announced a strategic investment and technology development agreement with In-Q-Tel. The deal positions GainSpan's technology for access and potential deployment within the U.S. Intelligence Community. As an In-Q-Tel technology partner, GainSpan will receive introductions to other portfolio companies for knowledge-sharing and co-development. Vijay Parmar, GainSpan's president and CEO, said the agreement ensures the U.S. Intelligence Community has easy access to GainSpan technology. The article does not disclose financial metrics or the amount of the investment.

Total raised

$37M

Funding rounds

3

Latest round

Series D

Latest activity

Jun 2013