Atlantic Bridge Ventures led the indoor positioning chip producer's latest round, its past investors including LG and ST Electronics.

DecaWave, an Ireland-based indoor positioning technology provider that counts electronics producer LG and semiconductor maker ST Electronics as investors, has closed a $30m funding round.

The round was led by growth equity fund Atlantic Bridge Ventures and also featured venture capital firm ZZ Ventures and China Ireland Growth Technology Fund, which is jointly managed by Atlantic Bridge and VC firm West Summit Capital.

Founded in 2007, DecaWave produces microchips that enable devices to track the position of objects in indoor…

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