Monday, October 17, 2005

SmartSynch raises $12M Series C

SmartSynch, which has technology for advanced wireless automated meter reading (we've discussed the topic before here), announced a $12M Series C round. Battelle Ventures (with affiliate fund Innovation Valley Partners) provided the new outside capital in the round, along with existing investors Siemens Venture Capital, JPMorgan Partners, Kinetic Ventures, Nth Power, Endeavor Capital, Lime Rock Partners, Cinergy Ventures, and GulfSouth Capital. The general AMR industry appears to be re-energizing lately.


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