ACTON, Mass.-Propagate Networks Inc. today announced that Siemens Venture Capital has joined its investor group.
Propagate has raised approximately $14 million in venture funding to date and will use the financing to expand its sales, marketing and engineering resources in the United States and the Asia Pacific region.
Propagate is developing embedded cognitive radio software called AutoCell.
“As the business and consumer Wi-Fi market continues to grow, we see an increasing need for systems to make sense of the ensuing radio chaos,” said Louis Rajczi of Siemens Venture Capital. “Propagate’s AutoCell is the only low-cost, embeddable technology powerful enough to bring order to Wi-Fi networks at prices consumers can afford.”