Ineda Systems, a developer of low-power SoCs (system on a chip) for the wearables and Internet of Things (IoT) market segment, has raised $17 million in Series B funding.

The investment was led by Walden-Riverwood Ventures and includes co-investors Samsung Catalyst Fund, Qualcomm, through its venture capital arm, Qualcomm Ventures, and IndusAge Partners, along with existing investors Imagination Technologies.

[Image courtesy: Ineda Systems]