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Wireless Device Chipset Developer Lands VC Funding

Shanghai Securities News, 3/27/08

Shanghai-registered wireless technology company Panovel announced yesterday in Beijing that it had received a round of initial investment from GSR Ventures. No further information on the investment is available at this time.

Panovel focuses on developing WiMedia ultra-wideband (UWB) wireless chipsets for use in mobile devices and home networks. The company's low-cost, low-power chip design technology is capable of streaming video media data between different devices (e.g. cameras, computers, displays and printers), offering high-speed wireless sharing and transmission of data.

Keywords: Panovel WiMedia chipset wireless networking funding GSR Ventures Shanghai UWB VC wireless

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