Millennial Net, a start-up based in Cambridge, Massachusetts, closed $15 million in Series B funding for its ultra low-power, self-organizing, wireless mesh networking systems. Millennial Net’s deployment-ready, wireless mesh networking system targets sensor and electronics OEMs and system integrators. The system combines mesh networking software and tiny micro-power hardware elements, called i-Beans, that allow instrumentation and sensing devices like gauges, sensors and actuators to connect and communicate with each other over self-organizing, self-healing networks. The company said its i-Beans operate with an extremely low rate of power consumption on the energy of a 3-volt coin-sized battery for years at a time. Applications could include ubiquitous remote data monitoring applications for building automation, industrial, medical, utility and security markets. With Millennial Net’s end-to-end wireless sensor networking solutions, end users are equipped with increased visibility and improved control over their dynamic network environments.
New investor BCE Capital, the venture arm of Bell Canada Enterprises, led the round, which also included participation from all Series A investors: General Catalyst Partners, Globespan Capital Partners and Kodiak Venture Partners. http://www.millennial.net
