Tuesday, October 5, 2004

Siemens Invests in Propagate Networks

Siemens Venture Capital has made an equity investment in Propagate Networks, a start-up based in Acton, Massachusetts that is embedded cognitive radio software. The technology can be embedded in wireless access points and clients (desktops, laptops, PDAs, cordless phones, home entertainment systems) to provides maximum WLAN performance in high density and high interference deployments. The software creates self-configuring wireless networks that automatically avoid radio frequency interference. Current Propagate partners include many Wi-Fi industry leaders such as Netgear, Atheros Communications, Chantry Networks and others. Financial terms were not disclosed. http://www.propagatenet.comhttp://www.siemensventurecapital.com

  • Earlier this month, Propagate Networks announced $8 million in Series C venture funding. Investors included Motorola Ventures, an additional unnamed corporate investor and Thomas Weisel Venture Partners.

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