Monday, April 6, 2009

$8 Million in New Financing for Ember

BOSTON and CAMBRIDGE, U.K., APRIL 6, 2009 - Fueled by the significant surge in the deployment of smart meters, Ember Corporation, a leading provider of ZigBee wireless networking technology, today announced it closed an additional $8 million in funding from its primary venture capital investors and strategic partners.

Polaris Venture Partners, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet Ventures, New Atlantic Ventures, WestLB Mellon Asset Management (formerly West AM) and strategic partners such as Chevron Technology Ventures and Stata Venture Partners participated in the round. This new round combined with existing investments from STMicroelectronics, Hitachi Corporation and MIT bring the total capital Ember has raised to $89 million.

The company also announced the expansion of its sales channels with the addition of new distributors in Australia, New Zealand, India and Hong Kong, People’s Republic of China which are emerging as key markets for ZigBee-enabled smart meters.

About Ember
Ember Corporation ( develops ZigBee wireless networking technology that enables companies involved in energy technologies – enertech – to help make buildings and homes smarter, consume less energy, operate more efficiently, and keep people comfortable and safe. Ember’s low-power wireless technology can be embedded into a wide variety of devices to be part of a self-organizing mesh network. Ember is headquartered in Boston and has its radio development center in Cambridge, England, and distributors worldwide. The company is a promoter and Board member of the ZigBee Alliance and its platform is the “Golden Suite” for 802.15.4/ZigBee interoperability testing.