Smart Router HiWiFi Introduces Investment from Chipset Solution Provider MTK to Tap into Smart Home and Wearables

Smart WiFi router HiWifi announced today tens of millions of dollars in A+ round of funding from investment firm KPCB and MediaTek (or MTK), the Taiwanese system-on-chip solution provider which boosted Shanzhai (knock off) feature phones and then Android phones & tablets in China.

What’s interesting is HiWiFi hopes MTK’s involvement will help it develop smart home products and wearables, according to Wang Chuyun, CEO of HiWiFi.

As one of the first smart WiFi routers with built-in Internet-based application in China, HiWiFi has drawn much attention and inspired a flock of copies. The company announced Series A round of funding from Innovation Works and GGV last September.

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