ECONAIS Completes Series A Investment with Funding from Odyssey Venture Partners
Summary
eConais will use the investment capital to complete the release of Wi2Smart™, its second generation family of modules for Internet of Things (IoT).Wi2Smart is the smallest device in the world with fully embedded Wi-Fi, TCP/IP network protocol stack, and software functionality for a number of IoT applications. Requiring very little power, Wi2Smart enables reliable and robust Wi-Fi connectivity for portable devices that require years of battery life.The investment will allow eConais to grow its worldwide sales and distribution networks to service its customers globally with support for new product design-ins.“Led by a team of Wi-Fi pioneers and supported by excellent industry partnerships, eConais is positioned to play a leading role in the next wave of the Internet of Things. We are excited in helping eConais to enable its customers to deliver a multitude of connected devices, quickly and cost effectively,”said Spiros Trachanis, Managing Partner of Odyssey Venture Partners.“We are very pleased to announce the completion of our series A financing by Odyssey Venture Partners. eConais easy-to-use Software Development Kit lets customers leverage the large installed base of access points and smartphones to create connected products for healthcare, smart energy, audio, and control/monitoring in industrial, commercial and residential markets. Specializing in helping "early stage" companies reach customers and partners around the world and "seed stage" companies prove their business ideas, develop early customer references, and produce fundable business plans, the Odyssey JEREMIE Partners fund is the largest venture capital fund exclusively focused on ICT investing in Greece.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
