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Home > News > Industry News > ST invests $2.5m in Decawave

ST invests $2.5m in Decawave

  • Author:Ella Cai
  • Release on:2017-04-07
ST has invested $2.5 million in the Irish fabless company Decawave.

Decawave has a UWB transceiver aimed at IoT applications.

The ST investment comes through ST New Ventures – ST’s six year-old  VC arm.

Decawave has now raised over $30 million from LG; Dermot Desmond’s IIU vehicle; Bank of Ireland private clients; the Texas-based Charnov family; and SC Partners of France.

It raised about €4m in funding in 2015.
Decawave is headed up by former Freescale exec Ciaran Connell.

Decawave’s non-execs include former Intel Ireland general manager Jim O’Hara.