A spin-off of Intel and privately-owned, we're well-funded by some of the world's leading venture firms, including Intel Capital, New Venture Partners, Opus Capital, OVP Venture Partners, Sigma Partners, Camp Ventures, Hatteras Funds and Mobile Internet Capital.
Our claim to fame is our ultra-low power chip technology and our rich integrated networking stack. The low power technology we developed results in Wi-Fi that uses so little power, products can run for years on standard batteries. And our integrated stack - running on a secondary "network" processor - offloads Wi-Fi services and networking functionalities from the host microcontroller. With this networking ability we're able to do something other Wi-Fi companies can't - deliver a solution suitable for even the most processing and memory constrained MCUs. Customers can marry almost any 8-32-bit microcontroller to our solution and get Wi-Fi quickly, easily and at low cost. Nearly any device can now leverage the large installed base of Wi-Fi access points to connect to smartphones, the existing Wi-Fi infrastructure or to the Internet We truly deliver on the promise of Wi-Fi - we call it the "Wi-Fi of Things."
Our products address the market demand for low power and low cost Wi-Fi connectivity. We meet these demands through our ultra-low power chip and 802.11 b and 802.11 b/g/n modules, suite of embedded and Serial to Wi-Fi software, and complete solutions and development kits. In addition, a number of device and module vendors offer solutions based on our technology. Our products are sold through both direct and indirect channels.
With our embedded Wi-Fi solutions, customers across a variety of industries can now develop a whole new class of Internet connected products. We are focused on five key market segments: healthcare and fitness, smart energy, industrial control, commercial/building automation and consumer home.
The low power Wi-Fi market is growing dramatically. Over two billion Wi-Fi devices are on the market today. Market research firm IHS iSuppli forecasts that Wi-Fi chipsets shipments will exceed 1 billion this year (2012), with more than two billion units expected to ship in 2014. This market is being driven by the increasing popularity of Wi-Fi as a ubiquitous utility to support a wide variety of both mundane and sophisticated uses. We're positioned to take advantage of this growth, with solutions that dramatically simplify the process and reduce the cost of adding Wi-Fi to new and existing applications.