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Eye-Fi Secures Funding

8/06/2008 01:02:00 PM Eastern

Mountain View, Calif. — Wireless SD card maker Eye-Fi said today that it had secured $11 million in Series B funding.

According to a statement released by the company, the Series B round was led by TransLink Capital, with new funding from LMS Capital and participation from existing investors Opus Capital and Shasta Ventures. TransLink Capital's co-founder and managing director, Toshi Otani, will join the Eye-Fi board.

Eye-Fi said it would use its cash infusion to develop its portfolio, expand distribution and scale its organization and market development activities.