Ozmo snags $3.75M for wireless personal area networks

July 31st, 2009

Ozmo Devices, provider of technology that allows users to create wireless personal area networks for battery-operated devices at low prices, has raised $3.75 million toward an anticipated $10 million round of equity, according to PE Hub. Part of this sum came from the conversion of $750,000 in promissory notes acquired in June. The Palo Alto, Calif. company previously raised $12.5 million. It is backed by Granite Ventures, Intel Capital and Tallwood Venture Capital.