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Staccato and Artimi gain momentum in UWB technology

by merging two companies with complementary skills in the area of UWB technology hardware and software development and application integration have gained momentum in the market, which is consolidating currently.

Staccato and Artimi gain momentum in UWB technology

UWB application space.

Here the official press release is copied:

UWB wireless technology pioneer Staccato Communications has completed a merger with Artimi Inc., a leading developer of UWB and wireless USB (WUSB) software and hardware solutions. Under the terms of the agreement, the combined entity will maintain the Staccato Communications name.

Staccato also announced today that it has closed $20 million in a new round of equity financing. This capital allows Staccato to productize the integrated portfolio of hardware and software solutions of the two companies. Investor participation included Allegis Capital, Amadeus Capital Partners, Bay Partners, Charles River Ventures, Formative Ventures, Intel Capital, Interwest Partners, Khosla Ventures, Noble Venture Finance, Oak Investment Partners and Vision Capital. All were investors in either Staccato or Artimi at the time of the merger. Marty Colombatto will maintain the role of CEO for Staccato, and Andrew Vought, previously CEO of Artimi, will assume the role of chief operating officer.

"The decision was easy to provide our strategic and financial support to this merger of complementary UWB companies," said Vinod Khosla, founder of Khosla Ventures. "With a strong syndicate of investors, as well as the best-in-class hardware and software that the two companies bring, the industry will have a well-funded supplier with all the necessary elements to drive a high-volume market."

The new Staccato entity will leverage the inherent advantages of Staccato's Ripcord2 65nm CMOS IC family, the world's first and only single-chip solution certified in Band Groups 1, 3 and 6 for worldwide operation, and Artimi's Zero Install technology and WUSB solutions to deliver innovative products to the market. As a result, Staccato will have a broad portfolio of end-to-end system solutions to service the PC, PC peripheral, consumer electronic and mobile handset markets.

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