Xsilon announces successful fundraising from ICT industry leaders
Xsilon, the leading In-Home M2M connectivity developer, is excited to announce that it has completed its latest funding round. Its new investors include industry leaders from the worlds of communications technology, semiconductors and software development, each with track records of successfully developing their own startups into strong businesses. Between them, their technology startups have realised over $500 million at exit and they bring substantial experience of growing technology businesses, complementing Xsilon’s founders own expertise in this area.
The funding has been led by David Holloway who was a co-founder of Codian, a videoconferencing hardware vendor which was sold to Tandberg (now Cisco) in 2007. David previously had senior roles at Madge Networks and Calista, steering each of them through to successful exits. David is now a seasoned angel investor in technology startups and has joined the board of Xsilon.
This investment enables Xsilon to accelerate its product development programme, with its M2M Connectivity Evaluation Kit now targeted for customer availability in Q3 2012. Its HANADU product line is now planned to launch in 2013. HANADU is Xsilon’s patented Whole Home, Every Home M2M connectivity technology, extending M2M services seamlessly into the home environment.
Mike Baker, CEO of Xsilon, said “We are delighted to be endorsed by such highly experienced technology experts as these. We welcome David onto our board, and we are looking forward to working closely with all our investors to grow Xsilon into the world leader in M2M that we know it will become.”