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Wearable devices chip manufacturer Ineda Systems raises $17M

Hyderabad-based Ineda Systems that is developing low-power chips for wearable devices has received $17 million in funding from investment arms of Samsung Electronics and Qualcomm, reports The Wall Street Journal. Techcircle however, claims that the round was led by Walden International, which had also invested in the company back in October last year. The company will use the funding to continue its development of low power chips and software for wearable devices. The company already lists three chips that are made for this market under the brand Dhanush. Ineda calls these chips Wearable Processing Units (WPU) but that is just a marketing jargon. Ineda's chips are based on the architecture developed MIPS, that was acquired by Imagination Technologies in 2012. It is worth noting that Imagination has also invested in Ineda in the past and its President Krishna Yarlagadda is a board member in the Indian company. MIPS vs ARM: MIPS architecture and instruction set competes with those made by ARM and Ineda claims that its solution built on top of MIPS has very low power consumption. Chinese company Ingenic Semiconductor had recently showcased a similar chip built for wearable devices called Newton, based on MIPS architecture. Ingenic claimed that watches that use this chip can last for 30 hours on a single charge, Ineda however claims that devices using its WPU can last for up to 30 days on a single charge! If chips such as Dhanush built on top of MIPS architecture can indeed get the sort of power efficiencies Ineda claims, it will be bad news for Intel that has been…

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