GainSpan, a start-up based in Sunnyvale, California, raised $20 million in series B funding for its Wi-Fi sensor network technology.
Incubated in Intel’s New Business Initiatives (NBI) Group in 2004, GainSpan Corporation was founded in September 2006.
The company said its Wi-Fi semiconductor and software solutions provide years of battery life for sensors and other connected devices. GainSpan claims its approach enables Wi-Fi devices to run up to 10 years on a single AA battery.
The funding round is being led by Opus Capital with participation from returning investors including Intel Capital, New Venture Partners, OVP Venture Partners and Sigma Partners. Opus General Partner Carl Showalter will join the GainSpan board of directors.
http://www.gainspan.com/
