Cassia Networks and Miles top San Jose's recent funding news

San Jose-based wireless hardware company Cassia Networks has secured $10 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on March 29 and financed by Wu Capital.

According to its Crunchbase profile, "Cassia Networks is a wireless telecommunications company that focuses on Bluetooth technology. The company’s research aims to further develop Bluetooth technology for use in local area networks. Cassia Networks product portfolio includes the Cassia Hub Bluetooth router, Bluetooth smart plug, Bluetooth multi-color led, personal safety sensor and Bluetooth speaker."

The five-year-old company has raised five previous funding rounds, including a Series B round in 2017.

The round brings total funding raised by San Jose companies in hardware over the past month to $51 million. The local hardware industry has produced 36 funding rounds over the past year, raking in a total of $1.2 billion in venture funding.

In other local funding news, rewards and marketing company Miles announced a $2.2 million seed funding round on April 3.

According to Crunchbase, "Miles is a universal rewards app empowering anyone to earn miles automatically for all forms of travel and commute. You can then redeem your miles from retailers such as Amazon, Starbucks, Target, Whole Foods, Bath & Body Works, Canon, Cole Haan, HelloFresh, NatureBox, and many more. Similar to a frequent flyer program, but for all forms of transportation, Miles delivers value for every mile traveled, across every mode of travel, anywhere in the world."

Founded in 2016, the company has raised three previous rounds, including a $2.3 million seed round in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.