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NemeriX funded for expansion.(Deals)(Brief Article)

GPS World

| August 01, 2004 | COPYRIGHT 2004 Questex Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NemeriX S.A., a fabless semi-conductor company and GPS chipset provider located in Manno, Switzerland, announced a E3.5 million investment from Poly Technos Venture-Partners, a venture capital firm headquartered in Munich, Germany, as part of a E9 million Series B funding. Coinvestors include Atila Ventures and Venture Incubator of Switzerland, and Auriga Partners of France. NemeriX has developed a proprietary architecture that reportedly reduces power consumption by as much as ...

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