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Nitero

Description

Developer of Wi-Fi systems for mobile platforms designed to offer improved augmented reality. The company's Wi-Fi technology builds on CMOS mm-wave research and offers less power consuming 60GHz services, enabling consumers to use high bandwidth Wi-Fi systems.

2009

Founded

PRIVATE

Status

51-200

Employees

Series B

Latest Deal Type

$3.49M

Latest Deal Amount

$5.1M

Total Amount Raised

Description

Developer of Wi-Fi systems for mobile platforms designed to offer improved augmented reality. The company's Wi-Fi technology builds on CMOS mm-wave research and offers less power consuming 60GHz services, enabling consumers to use high bandwidth Wi-Fi systems.

Website:

www.nitero.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Wireless Communications Equipment

Other Industries

Application Specific Semiconductors

Primary Office

327 Congress Avenue Suite 490 Austin, TX 78701United States
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Nitero Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Nitero Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Nitero Investors (3)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Austin VenturesPE/BuyoutMinority000 0000000 0000
Southern Cross Venture PartnersVenture CapitalMinority000 0000000 0000
Trailblazer CapitalVenture CapitalMinority000 0000000 0000
Austin Ventures PE/Buyout
Southern Cross Venture Partners Venture Capital
Trailblazer Capital Venture Capital

Nitero Executive Team (5)

NameTitleBoard
Seat
Contact
Info
Patrick KellyChief Executive Officer & Co-Founder
Antonio TorriniChief Architect
Sven MeseckeVice President of Marketing and Standards & Co-Founder
Paul WerpVice President of Business Development
Simon Chang Ph.DVice President of RF Engineering
Patrick Kelly Chief Executive Officer & Co-Founder
Antonio Torrini Chief Architect
Sven Mesecke Vice President of Marketing and Standards & Co-Founder
Paul Werp Vice President of Business Development
Simon Chang Ph.D Vice President of RF Engineering

Nitero Board Members (2)

NameRepresentingRoleSinceContact
Info
Clark JerniganAustin VenturesVenture Partner000 0000
Larry Marshall Ph.DSouthern Cross Venture PartnersManaging Director000 0000
Clark Jernigan Venture Partner Austin Ventures
Larry Marshall Ph.D Managing Director Southern Cross Venture Partners
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