This third-round financing will allow Scenix to expand its design and research-and-development capabilities, add significantly to its operations and manufacturing infrastructure, increase its sales and marketing resources, and explore potential strategic acquisitions.
"The response to our fund-raising activity was incredible, and we're very excited about both the size of the equity investment and the caliber of the investors," said Bulent Celebi, president and CEO of Scenix. "We feel that this is an endorsement of our strategy for embedding the Internet in the things that people use and interact with every day."
Scenix provides communications software and controllers for embedded applications, with a market emphasis on embedding the Internet in everyday things.
