Wearable chip start-up Ineda gets funding from Qualcomm and Samsung

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/64p7U3cHa9Diqu1v_CA4VA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-08T154825Z_1_CBREA3717WW00_RTROPTP_2_MOBILE-WORLD.JPG (http://news.yahoo.com/wearable-chip-start-ineda-gets-funding-qualcomm-samsung-154825817--sector.html)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.



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