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Router Maker HiWiFi Received Tens of Million Dollars In Series A Funding
HiWiFi, a router maker, reportedly secured tens of millions of dollars in Series A financing (report in Chinese). The company did not disclose the investors, but it is rumored that the investors are US companies and have close relationship with Google.(Update: Investors are Innovation Works and GGV Capital, according to the spokesman of Innovation Works)
Founded in 2012, HiWiFi is a smart router with operating systems, enabling users to install apps on the product. As we reported previously, HiWiFi differs from other routers in that it offers an open platform, which can speed up the download from iTunesStore, Google Play and Xiaomi app store, a function usually needs third-party plug-ins.
The battle for router business is taking form among Chinese Internet companies this year, since smart routers is an important household Internet access. Qihoo 360, Baidu, Nutshell, Diting Technology all released products to tap the market.
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