Cisco and Dell Computer are among the major investors of a company that aims to embed the internet in a variety of common devices.
The suppliers have joined a group of companies that have pumped $42.1m into Scenix. The developer will use the money to expand its design and research and development capabilities, as well as add to its operations and manufacturing infrastructure.
Scenix develops embedded internet chips and communications software to OEMs for use in consumer and other electronic devices. The one-chip internet device can be purchased for about $5 and adapted to several kinds of embedded applications, say analysts.
The company said it has already shipped about one million units of its flagship product, the SX Series communications controller.
Mike Moone, group vice president and general manager of Cisco's consumer line of business, said the investment brings Cisco one step closer to delivering an internet lifestyle.
Fellow investors are European appliance manufacturer Koc/Arcelik/Beko, development tool supplier Nohau and previous venture capital investor Walden International Investment Group.
Bulent Celebi, Scenix president and chief executive, said he believes both the size of the investment and the calibre of investors, "is an endorsement of the company's strategy for embedding the internet in the things that people use every day."
The company also plans to integrate its technology into the investors' product lines, Celebi added.
Analysts at Zona Research, commented: "We believe this announcement is about more than Cisco, Dell and other manufacturers hedging their bets or Scenix flexing its technical muscles to land a considerable investment win."
Zona also believes Scenix and its competitors, such as Connect One, are poised for exponential growth as the number of network nodes increase.
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