is expected to complete a $9 million private placement this month.
Sequoia Capital Israel led the round for RFWAves, which develops short-range wireless connectivity technology.
The company's component is installed in consumer products such as keyboard, sensors, and toys. Its competitive edge lies in its quality and performance, coupled with its relatively low cost and modest power consumption.
RFWaves has a keen eye on Sony's play-station market. Its component could serve to wirelessly connect between the station and the joystick, which are today linked by cable.
To date its component can enable transmission speeds of 1 megabyte per second at a range of 20 meters. It has more advanced technology under development, to achieve a range of 60 meters at 3 megabyte.