Friday, September 30, 2005

CIA's In-Q-Tel invests in Tendril

Following on the heels of the Sensicast funding announcement earlier this week, Tendril Networks announced an investment and business relationship with In-Q-Tel, the CIA's venture finance organization. Financial details weren't released.

Sensing technology has been developing rapidly (in terms of sensitivity, lower power needs, better automation, etc.), and at the same time so has machine-to-machine communications technology, in terms of hardware, software, standards development, etc. The Sensicast and Tendril announcements this week aptly illustrate the interest by funders who see opportunities with such startups to accelerate adoption of these technologies, for applications in environmental monitoring, manufacturing efficiency, energy and water distribution system automation, and other cleantech investment areas.


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