Ineda Systems raises $17 mn Series B led by Walden Riverwood

Ineda Systems, a Santa Clara, California headquartered startup that is developing microchips aimed at the wearable and Internet of Things market, has raised $17 million in a Series B round led by Walden Riverwood Ventures. Samsung Catalyst Fund, Qualcomm Ventures and IndusAge Partners participated in the round. Existing investor Imagination Technologies, whose IP cores such as processor, graphics and other cores are used in Ineda’s products, was also part of the round.

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