It initially backed the multi-band orthogonal frequency division multiplexing approach taken by the MultiBand OFDM Alliance. A number of competing technologies were discussed by the IEEE 802.15 standards committee in 2004. In October 2005, $20 million in financing included investors Centennial Ventures and Pharos Capital. After the IEEE effort was abandoned, the venture arm of Samsung Electronics invested $4 million in December 2006. By 2009, Eric Brookman was still chief executive. In June 2012, an addition $6 million of funding was announced with investors Pharos Capital Partners and Duchossois Technology Partners and led by Enhanced Capital Partners.