Article: Nemerix receives $22m in Series-C funding; Financing round allows continued development of innovative GPS solutions focused on personal navigation and mobile handset customers.

M2 PRESSWIRE-17 September 2007-Nemerix: Nemerix receives $22m in Series-C funding; Financing round allows continued development of innovative GPS solutions focused on personal navigation and mobile handset customers(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:17092007

Manno, Switzerland -- NemeriX, a leading A-GPS solution provider based near Lugano, Switzerland, closed a $22m (CHF 27m) financing round. All existing investors (Atila Venture Partners, Auriga Partners, Oak Investment Partners, PolyTechnos Venture-Partners and VI Partners) participated.

NemeriX is a fabless semiconductor company offering the world's lowest power Global Positioning ...

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