Ineda Systems, a developer of low-power SoCs (system on a chip) for use in the fast-growing wearables and Internet of Things (IoT) market segment, has raised\u00a0$ 2 Mn in additional funding from Cisco Investments, thus closing its Series B round at $19 Mn.\r\nPreviously, it had raised\u00a0$17 Mn funding from\u00a0Walden-Riverwood Ventures, investment arms of Samsung Electronics and Qualcomm,\u00a0IndusAge Partners and Imagination Technologies.\r\nThe funding will be used by Ineda to further develop its Dhanush family of Wearable Processor Units (WPU\u2122).\r\nBabu Mandava, CEO of Ineda Systems explains, \u201cCurrent devices do not have the necessary capabilities to allow for ultra-low power and high performance. Ineda\u2019s ground-up architecture is optimized for long battery life, along with the scalable performance that is required to run the various applications in the wearable and IoT space. This will enable device manufacturers to deliver products that exceed end-user expectations and accelerate market adoption.\u201d\r\n\r\n"The Internet of Things represents a huge opportunity to transform the way that people interact with technology," said Kip Compton, vice president, Internet of Things Systems and Software Group, Cisco. "Ineda Systems' innovative architecture allows for the delivery of high-performing, yet ultra low-power devices that are ideal for the wearable and broader IoT markets."\r\n\r\nIneda has\u00a0offices in Santa Clara, California, USA and Hyderabad, India.\r\n\r\nAccording to a research, the Internet of Everything (IoE) can generate $4.6 trillion in value for public sector organizations over the next decade. Earlier this year, Cisco had announced a\u00a0$100 Mn fund to invest in\u00a0IoT startups. In context of India, it had set up a\u00a0Internet of Things (IoT) Innovation Hub in Bangalore earlier this year.