Crossbow raises $12M

Crossbow Technology, which provides wireless sensor networks for environmental monitoring, industrial monitoring, etc., announced that they have raised $12M in funding from strategic partners Cisco and Intel, and including "significant funding" from Paladin Capital Group.

Wireless sensors, advanced optical sensors, and machine-to-machine (M2M) technologies are all combining to enable automated decision making with richer data, better responsiveness, better accuracy, and lower costs. This in turn is driving increased efficiency across a wide range of applications. Real-time data across a broad network of measurement points is increasingly a reality, and it can have a lot of different implications for cleantech applications, technologies and markets. Even though these technologies are not necessarily pure "clean technology" plays by themselves (depending upon how restrictive a definition you may use), they are key enablers, and thus they should be of strong interest to cleantech investors.