Cambridge Cluster

Artimi and Staccato announce that they have taken the best they have to offer to merge into a new entity with the latter’s name for strategic reasons.  They are backed by a “whose who “of the best VCs in the Ultra Wide Band (UWB) field :Allegis Capital
Amadeus Capital Partners
Bay Partners
Charles River Ventures
Formative Ventures
Intel Capital
Interwest Partners

Khosla Ventures
Noble Venture Finance
Oak Investment Partners
Vision Capital

A total of $20million was raised to kick-start the merger and the news that “WiQuest and Intel recently shut down their UWB” programmes.  Presumably Intel will fold their work into the New Stoccato.

As an Angel Investor in Artimi I have privileged information so all this is from the press release.  It certainly will make an interesting study using a business plan resource.