Sunday, January 29, 2006

Siemens Invests in G2 for Mobile Resource Management Chips

Siemens Venture Capital has made a strategic investment in G2 Microsystems, a start-up based in Oakland, California, that is developing chips for the Mobile Resource Management (MRM) market. Mobile resource management enables businesses to monitor, track and manage assets either within a facility or throughout a supply chain.

G2 Microsystems is developing a range of ultra low-power, active MRM chips that leverage Wi-Fi (IEEE 802.11). The company said its system-on-chip (SoC) solutions would provide the right balance of cost, power, functionality, and size to meet the demanding asset tracking (otherwise known as RFID) and monitoring requirements in all industries including healthcare, automotive, transportation, government, biopharmaceutical, oil, gas, and chemical.

Other investors in G2 include UPS Strategic Enterprise Fund, Starfish Ventures and DB Capital Partners, the private equity and venture capital arm of Deutsche Asset Management (Australia) Ltd.