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Electronics Production | September 17, 2007

NemeriX receives $22 m in series C-founding

NemeriX, a A-GPS solution provider based near Lugano, Switzerland, closed a $22m financing round. All existing investors (Atila Venture Partners, Auriga Partners, Oak Investment Partners, PolyTechnos Venture-Partners and VI Partners) participated.
"This funding round will enable NemeriX to outperform the growth of the market, while continuing to provide our customers the support they need to get their products to market faster," explained Steve Rees, Chairman of the Board. "We have made tremendous progress in terms of building a strong team comprising highly experienced semiconductor and GPS technology experts and now have a clearly differentiated product portfolio which has resulted in many new customer relationships globally."

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