SANTA CLARA, Calif.-Intel Corp. continued its march to help grow the nascent market for Wi-Fi technology, announcing two new investments in companies operating in the space. The Intel Communications Fund announced funding for STSN, a visitor-based network access company, and TeleSym, an IP telephony software company.
Intel’s funding efforts now cover three Wi-Fi companies. Intel announced plans to invest $150 million in companies pursuing Wi-Fi technology in October, and made its first investment in Cometa Networks earlier this month.
“STSN’s and Telesym’s solutions will complement Intel’s next generation mobile technology, code named Banias, which will be introduced in the first half of 2003,” said John Hull, director of the Intel Communications Fund. “Mobile computer users will have real-time wireless Internet access from STSN-enabled hotel rooms and will be able to do innovative things like turn their laptops into wireless speaker phones with TeleSym’s software.”
