Adamya Tech gets $1 m funding

BANGALORE: Adamya Technologies, a startup which specializes in software that

helps network and wireless communications, has received $1.0 million from

Infinity Venture Fund, a spokeswoman for the fund said on Wednesday.

She told Reuters that Infinity, which is backed by high net worth

"angel" investors from the Silicon Valley, had chosen the Bangalore-based

company for its specialization in embedded software which goes into chips that

run emerging networks.

The stake details were not disclosed. Infinity said in a statement that

Adamya, which has a subsidiary in the Silicon Valley and marketing arrangements

in Europe and Korea, delivers solutions in digital signal processing, networking

and emerging wireless standards like Bluetooth.

"The company has over 82 engineers on board and is planning to double

the same in the coming year," it said.

(C) Reuters Limited 2001.