Ozmo Devices develops low-power Wi‑Fi Personal Area Network solutions for personal-area connectivity. The company is based in Palo Alto, California. It completed a $10.8M Series D financing to fund its next phase of growth. Management stated the proceeds will accelerate growth as the company starts ramping up production. The financing is intended to support increased production and commercialization efforts. The round builds on a prior $7.5M Series C closed in September 2009. Ozmo Devices develops low-power Wi‑Fi Personal Area Network (PAN) solutions to enable high-performance wireless links between low-power peripherals (such as mice and headsets) and Wi‑Fi-enabled platforms like PCs, smartphones, multimedia players, and game consoles. The company is based in Palo Alto, California, and also maintains offices in the U.K. Its core product set focuses on enabling low-power peripherals to connect efficiently to existing Wi‑Fi ecosystems. In September 2009 Ozmo completed a $7.5M Series C financing from its existing investors. According to CEO Dave Lyon, the funding will be used to expand sales and field engineering activities and to continue state-of-the-art development efforts. The company intends to use the capital to accelerate commercial adoption of its PAN technology. Ozmo Devices builds software that uses Wi‑Fi radios to create a personal area network (PAN) enabling peripherals — mice, keyboards, headphones, game consoles — to connect wirelessly to a laptop without USB dongles. The software lets PC makers replace dedicated hardware radios, reducing component costs. The company emerged from stealth and disclosed that it raised $12.5 million in funding in 2005. Ozmo has 26 employees and is led by CEO Dave Timm. It is planning to raise an additional $7 million to $15 million in the coming months and will demonstrate its technology at Intel’s booth at the Computex trade show in Taiwan. The company was originally called H‑Stream Wireless and is based in Palo Alto, Calif.

Total raised

$31M

Funding rounds

3

Latest round

Series D

Latest activity

Jun 2010