Anagog Concluded Round A Strategic Investment from USA and Chinese Investors, Led by GigOptix, Inc.

Expands its B2B mobility status SDK globally

TEL AVIV, Israel & SAN JOSE, Calif.--()--Anagog Ltd., the developer of the world’s largest crowdsourced parking network, announced today the successful completion of its Round A investment.

Anagog perfects the mobility status algorithms that allow for advanced on-phone machine learning capabilities for best user experience with ultra-low battery consumption and with a high level of privacy protection.

The lead investor in round A is GigOptix Inc., (NYSE MKT:GIG) a lead designer, developer, and global supplier of a broad range of analog, digital, and mixed signal components to enable high-speed information streaming over the telecom networks, datacom infrastructure, and consumer electronics links. Dr. Avi Katz, Founder, Chairman and CEO of GigOptix, Inc., will join Anagog’s Board of Directors.

Other investors include a professional Chinese investor who is the founding partner of Ivy Capital, a leading Chinese VC fund. Existing shareholders also took part in this round, expressing their trust in the Company’s execution plan.

“We are very pleased to have our new and existing shareholders demonstrating their trust in Anagog,” said Ofer Tziperman, CEO for Anagog. “In the last few months we have demonstrated fast growth of our mobility status SDK install base all over the world. We plan to further expand our reach to more markets, and turn our global network to the widest and strongest of its kind worldwide.”

“We are fascinated by Anagog’s advanced on-phone machine learning capabilities that open worlds of applications in outdoor and indoor cloud connectivity, with low power consumption, and enabling exciting big data analysis. Integration of these applications into GigOptix’s Internet-of-Things semiconductor chipsets will extend our present leadership in data center links into end-user cloud connectivity,” said Dr. Katz.

The Anagog mobility status SDK allows detection of a user’s real-time mobility status with an ultra-low battery consumption. The Anagog SDK can tell for example if the user is currently walking, driving, at home or at work. It can detect automatically when and where he parked his car, if he is riding a bus, enters or exits a predefined zone, and more. Such mobility status detection enables the best context-aware applications and services and drastically improves the user’s experience.

Furthermore, Anagog’s mobility status SDK can even provide certain levels of predictions on the user’s activities. For example, it can tell a few minutes before the user will vacate his on-street parking space. This predictive information, when collected simultaneously from multiple users, provides the most powerful crowdsourced parking network. Drivers can be notified in real-time about soon to be vacated parking spaces in their vicinity and get guidance there. The system even knows to refer only the desired number of drivers to the same vacating space.

Anagog is deploying the SDK globally via a B2B model, where other B2C app developers are implementing the mobility status SDK in their apps and are providing services based on the SDK to their users. Anagog, on its part, is also providing to its partners a real-time crowdsourced parking network based on all the real-time parking vacating events collected from all SDK users globally. Furthermore, Anagog is also sharing with its partners other insights from the big data collected by it that can serve to enrich the user experience even further.

About Anagog

Anagog was founded by Gil Levy and Yaron Aizenbud in 2010 and used the first years to develop and perfect the mobility status algorithms that allows for advanced on-phone machine learning capabilities for best user experience with ultra-low battery consumption and with a high level of privacy protection. The company have filed 12 patents to date and is currently developing a set of additional related advanced technologies and services.

About GigOptix

GigOptix, Inc. is a lead designer, developer, and global supplier of a broad range of analog, digital, and mixed signal components to enable high-speed information streaming over the telecom networks, datacom infrastructure, and consumer electronics links. Our ability to innovate and create differentiated products is based on deployment of various semiconductor technologies that span from III-V compounds to SiGe-BiCMOS and CMOS based device designs.

GigOptix’s product portfolio provides high-speed and low-power solutions in markets such as fiber-optics telecom, wireless backhaul, datacom and consumer electronics, mil-aero, instrumentation, and medical equipment, for applications such as linecards and transponders, active optical cables and pluggables, point-to-point wireless radios, military warfare, avionics electronics, GPS systems, and diverse medical equipment, such as ultrasound imaging, X-Ray, MRI, CT Scan, and Defibrillators.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as "will," and "expect," or the negative thereof or comparable terminology, and include (without limitation) statements regarding integration of Anagog applications into GigOptix’s Internet-of-Things semiconductor chipsets and extension of GigOptix’s market position into end-user cloud connectivity. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. These risks for GigOptix include, but are not limited to: the ability to recognize revenues, the ability to extend product offerings into new areas or products, the ability to commercialize licensed technology, unexpected occurrences that deter the full documentation and "bring to market" plan for products that were developed this year and last year, trends and fluctuations in the industry, changes in demand and purchasing volume of customers, unpredictability of suppliers, the ability to control costs of goods sold, the ability to attract and retain qualified personnel, the ability to move product sales to production levels, the ability to compete for client design-in opportunities, the ability to cross-sell to new clients and to diversify, the success of product sales in new markets or of recently produced product offerings, including bundled product solutions, the amount of cost savings, the ability to improve productivity, and to do so in an efficient manner, the ability to pursue and attract merger and acquisition opportunities, the ability to enforce intellectual property rights, the ability to maintain and continue relationships with government agencies, and the ability to integrate new technologies into existing products and extend such products into new markets. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of GigOptix’s filings with the SEC, and in GigOptix’s other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to GigOptix as of the date hereof, and GigOptix assumes no obligation to update any forward-looking statement.

Contacts

Anagog
Ofer Tziperman, CEO
ofer@anagog.com
www.anagog.com
or
GigOptix, Inc.
Media:
Dr. Raluca Dinu, 408-522-3117
EVP Global Customer Operations
rdinu@gigoptix.com
or
Investor Relations:
Darrow Associates, Inc.
Jim Fanucchi, 408-404-5400
ir@gigoptix.com

Contacts

Anagog
Ofer Tziperman, CEO
ofer@anagog.com
www.anagog.com
or
GigOptix, Inc.
Media:
Dr. Raluca Dinu, 408-522-3117
EVP Global Customer Operations
rdinu@gigoptix.com
or
Investor Relations:
Darrow Associates, Inc.
Jim Fanucchi, 408-404-5400
ir@gigoptix.com