Imsys Technologies AB has closed a first round of funding. A consortium headed by Creandum AB and Swedish Industrial Development Fund (Industrifonden), have agreed to invest a total of 14 million SEK.
Imsys Technologies develops and markets the Cjip processor as the core in a complete hardware and software platform for networked embedded systems. The Cjip is based on a proprietary architecture, which is uniquely memory and power efficient. The solution meets the requirements of an ever increasing number of embedded applications requiring communication over public and private infrastructures based on Internet technology. Applications like vehicle fleet management, security systems, medical devices, traffic control, facility management, all share the need for small, efficient, cost effective and flexible solutions based on standards. A Java environment with Internet communication is therefore bundled with the Cjip in most applications. The Cjip is truly microcode reconfigurable and, among other features, can directly execute Java byte code. Imsys also offers a Cjip based industry standard flexible computer module with Ethernet and other interfaces, easy for the customer to integrate in their product. To increase developer productivity, a comprehensive integrated development environment is also offered.
In 2003, Imsys was subject to a management buyout with the intention to take advantage of the promises of the Cjip technology. Imsys has delivered products to several hundred customers in more than 30 countries. The new financing will allow Imsys to expand current marketing efforts in both vertical segments and in new geographical areas.