Alereon has closed on $ 6 million in financing led by Enhanced Capital Partners, Pharos Capital Partners and Duchossois Technology Partners.
The Austin-based company reports the capital will allow it to expand its wireless monitor docking station technology used in products such as Samsung Central States and the Samsung Smart Station.
The money will also be used for the development of new technologies for industrial, medical, networking and gaming products.
Alereon is a fabless semiconductor company using industry standard Ultra Wideband (UWB) radio technology to develop low-power, fast wireless solutions ideal for connecting media rich products and displays.