Ossia - wireless charging - wireless startups - Fierce 15 2014

Fierce 15

Where it's based: Redmond, Wash.
When it was founded: 2013
Website: www.ossiainc.com

Why it's Fierce: Hatem Zeine, Ossia's founder and CEO, describes a future where power will be broadcast to nearby receivers much like Wi-Fi is broadcast to nearby users today. And, he said, that future is tantalizingly close: "We're at the point where we're converting interest to contractual deals."

Ossia's Cota-branded wireless charging technology works over the unlicensed 2.4 GHz band that Bluetooth and Wi-Fi use, and can transmit up to 1 watt of power up to 30 feet in a non-line-of-sight scenario. Zeine said Cota's charging service operates below the FCC's guidelines for radiation and can provide enough power to fully charge an iPhone six times over during the course of a day. A receiver for the system can be shrunk down to about the size of a man's thumbnail.

"It's a very interesting technology," Zeine noted.

Zeine said initial uses of the technology could focus on replacing AA batteries with a wireless system that would keep household items like TV remotes and home monitoring cameras constantly charged. But that's just the beginning, he said.

"This stops becoming a cell phone charger and it becomes a power delivery system. We actually shy away from painting Cota as a phone charger because it's so much more," he said. "In general, we're powering your whole home."

The result is that the technology "gives us the ability to design more and better products. … We enable everybody to build better devices."

Ossia has raised around $6 million from angel investors and family and friends, and the company currently counts 25 employees. Zeine said the company is now considering a Series A round of venture funding--"The market that we're approaching is quite hot and there's a lot of interest in the company."

What's next: Ossia has been approached by "everyone who has electrons running in their veins," Zeine said. The company is planning to license its technology to manufacturers and make money from royalties. Zeine said the company expects commercially available chipsets that support its technology to hit the market next year. He added: "We're talking to multiple teams … who intend to deliver products anywhere from 2015 to 2018."

"We want to get this technology to as many products out there as possible," Zeine said, noting that it could dramatically aid in the development of the Internet of Things sector. "We want to enable that."

Ossia - wireless charging - wireless startups - Fierce 15 2014