Gainspan develops Wi-Fi semiconductor and software solutions that deliver the convenience, security and manageability benefits of Wi-Fi, along with 5-10 years of battery life needed for applications such as temperature monitoring for energy management, condition monitoring of industrial equipment, or street lighting for metro areas. Investors include Intel Capital, New Venture Partners, OVP Venture Partners and Sigma Partners.
“New Venture Partners’ unique venture capital approach enabled a smooth spin out process from a startup business inside Intel to forming GainSpan as a new company in 2006. They were key partners in shepherding this ongoing business in the initial phase and have been instrumental in guiding product execution and market and business development. This includes having facilitated a number of key customer and ecosystem contacts that have led to visible business traction for the company.
-Vijay Parmar, President and CEO, GainSpan