Tech Company Financing Transactions
Origin Wireless Funding Round
Origin Wireless, operating out of Greenbelt, secured $15.9 million from Verisure, Inspire Corp and The Okinawa Electric Power Company.
Transaction Overview
Company Name
Announced On
12/12/2023
Transaction Type
Venture Equity
Amount
$15,900,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its growth, expand its product portfolio, and bolster its support for customer deliveries. The capital will be strategically utilized to broaden Origin AI's product offerings and grow its commercial business, thereby providing enhanced solutions to a wider customer base.
Company Information
Company Status
Private & Independent
Industry
Wireless
Mailing Address
7500 Greenway Center Dr.
Greenbelt, MD 20770
USA
Greenbelt, MD 20770
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Origin Wireless was founded by Dr. Ray Liu, a Distinguished University Professor at the University of Maryland. Dr. Liu and his team discovered a new way to use WiFi. Instead of just providing an internet connection, they realized WiFi could be used for sensing. This was a major breakthrough.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ray Liu
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