Intel Spinoff GainSpan Closes On $19M In Series D Funding For Its WiFi Chip Technology

GainSpan, the semiconductor company that deals in ultra low-power Wi-Fi technology, has closed on $19 million in a new funding round. The round, which first started gathering steam in 2012 and appears to have closed at about $1 million less than the company had initially sought, serves as GainSpan's Series D and brings its total investment to around $75 million. This investment included the participation of two new investors -- Zebra Technologies Corporation and Oplink Communications -- and a slate of previous investors including Opus Capital, Intel Capital, New Venture Partners, Sigma Partners, Camp Ventures and Hatteras Funds. GainSpan's last funding round was an $18 million Series C that closed in December 2011.

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