By Noel Randewich SAN FRANCISCO (Reuters) – Start-up Ineda Systems said on Tuesday it received $17 million in funding from investors including major semiconductor industry players Qualcomm and Samsung Electronics, as it designs low-power chips for smart watches and other wearable computing gadgets. Ineda, with offices in Hyderabad, India and Santa Clara, California, closed its series B funding with Qualcomm, Samsung and other investors in December. With over 180 employees, it is using the money to develop ultra-low power chips for wearable computing gadgets meant to function for up to a month without needing to recharge. A major criticism of smart watches launched over the past year has been the need to recharge them as frequently as once a day, as is typically required for smartphones.
Wearable chip start-up Ineda gets funding from Qualcomm and Samsung
08
Apr
2014
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