Big guns line up to fund Ember

Ember Corporation has announced the closing of its oversubscribed Series B financing round with total commitments of $20 million, bringing Ember's total raised capital to $28 million.

Ember Corporation has announced the closing of its oversubscribed Series B financing round with total commitments of $20 million, bringing Ember's total raised capital to $28 million.

New investor RRE Ventures led the round, which attracted new investors DFJ ePlanet Ventures and included participation from all Series A investors including DFJ New England, GrandBanks Capital, Polaris Venture Partners, and Stata Venture Partners.

The capital raised will be used to further develop and enhance the EmberNet product suite and fuel the company's expansion into the global market, particularly Europe and Asia.

"After meeting each development milestone and accomplishing eight successful EmberNet pilots, this funding is another important step toward establishing Ember as the standard for embedded wireless networking", said Jeffrey Grammer, President and CEO of Ember.

"RRE Ventures and DFJ ePlanet have strong track records of helping companies mature into global industry leaders, and adding them to our existing investors strengthens us further".

"Ember is a unique and exciting investment opportunity for us".

"Many of the Fortune 500 companies with whom RRE works will find the ability to wirelessly network their sensing and control devices extremely compelling and realise a significant cost savings as a result", said Stuart J Ellman, a founder and General Partner at RRE Ventures.

"We look forward to assisting Ember in gaining additional momentum by building profitable business relationships with these companies".

As a result of its investment, Ellman has joined Ember's Board of Directors.

Other board members include: Robert Poor, founder and CTO of Ember; Jeffrey Grammer, president and CEO of Ember; Charles Lax, founder and Managing General Partner of GrandBanks Capital; Bob Metcalfe, General Partner at Polaris, Ethernet inventor and 3Com founder; Rebecca Henderson, Eastman Kodak professor of management at the MIT Sloan School of Management and a research fellow at the National Bureau of Economic Research; and Todd Hixon, Managing Director of DFJ New England Fund.

"The Ember team has the energy, vision, and experience to build one of the next great technology companies", said Jennifer Fonstad, Managing Director of Draper Fisher Jurvetson ePlanet Ventures.

"The company has rapidly established traction with US companies as evidenced by the number of customer wins, and we're excited to help the company emulate that success internationally".

Ember's EmberNet product line is a family of hardware, development tools and software products for embedded wireless networking.

The EmberNet suite is optimised for sensing and control applications requiring low to moderate bandwidth.

EmberNet's patented mesh routing algorithms make every EmberNet Node both an endpoint and a router, enabling EmberNet networks to direct traffic around the interference commonly found in harsh industrial conditions.

EmberNet has proven successful in water treatment plants, manufacturing lines, and power stations.

With EmberNet's self-organising, self-healing, easy-to-use technology, customers are able to create the most resilient and robust embedded wireless networks.

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