Alereon Inc., a fabless semiconductor company, has added a $6 million infusion from Enhanced Capital Partners, Pharos Capital Partners and Duchossois Technology Partners. Enhanced Capital led the round, which will help fund expansion of Alereon’s current wireless monitor docking station technology.
Alereon, Inc., today announced they have closed on $6 million dollars of additional financing led by Enhanced Capital Partners with participation from Alereon’s current investors Pharos Capital Partners and Duchossois Technology Partners. The infusion of capital will allow expansion of Alereon’s current wireless monitor docking station technology used in products such as the Samsung Central Station and the newly introduced Samsung Smart Station as well as the development of new technologies for industrial, medical, networking and gaming products.
“As the world leader in Ultra Wideband (UWB) wireless technology our customers are continuing to count on us to provide them with leading edge wireless solutions,” said Eric Broockman, Alereon CEO. “This capital will be used to provide support for new wireless monitor docking station customers looking to capitalize on the increased shipments of tablets and ultrabooks with their reduced number of ports, yet need to connect to the same monitor and peripherals as laptops as well as expand our offerings in industrial applications.”
“Alereon continues to be a world leader in UWB short range wireless technology,” said Rafael Castro, Enhanced Capital Director. “Enhanced Capital is excited to be able to provide them the capital to expand their current business and customer base as well as help them expand their current markets.”
Alereon is continuing to advance UWB technology providing both new OS and protocol support for current products as well as developing next generation products increasing speed and quality of service. The recent addition of Apple OS support has allowed Alereon current customers to increase wireless monitor docking station penetration in both the consumer and commercial markets.
In addition Alereon’s recent addition of TCP/IP protocol over UWB as an alternative to the original wireless USB protocol provides Alereon with the product portfolio to address new markets where current Wi-Fi solutions performance and functionality cannot meet customer wireless requirements. These include industrial, medical, military and gaming products where Quality of Service is critical and the increased saturation of Wi-Fi traffic makes guaranteeing video performance near impossible.
Finally, Alereon has also recently announced the development of next generation AL7350, an advanced UWB radio that is capable of achieving 1Gbps PHY rates at short range on the desktop and 2X extended range versus earlier WiMedia 1.1 compliant UWB chipsets. The AL7350 implements the more advanced WiMedia 1.5 specification together with maximum ratio combining. The new 1Gbps chip is currently in alpha sampling and will be sampling for general sampling in mid-2012.
About Alereon, Inc.
Alereon, Inc. is a fabless semiconductor company using industry standard Ultra Wideband (UWB) radio technology to develop low-power, blazing fast wireless solutions ideal for connecting media rich products and displays. Alereon’s mission is to enable consumers to simply and wirelessly stream real-time video and data from consumer electronics to HDTVs, monitors and laptops. For more information visit www.alereon.com.
About Enhanced Capital Partners, Inc.
Enhanced Capital Partners, Inc. (www.enhancedcapital.com) is a diversified, national private investment firm specializing in investments in small and mid-sized companies to further economic development in strategic areas. ECP manages over $350 million from its headquarters in New York City and through its regional offices in New Orleans, Austin, Birmingham, Denver, Jackson Hole, Nashville, New Haven, Tampa and Washington, D.C.
This is intended for marketplace communication purposes only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund.