|
by Alan Alper, MA Editorial Staff
Posted on Wednesday, August 09, 2006 5:12:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    A start-up wireless sensor networking company that is eyeing the industrial automation space yesterday pulled off the technology industry's equivalent of horse racing's exacta: it disclosed the hiring of a new chief executive officer and the receipt of new financing. Tendril Networks Inc. (Denver), which is developing a software framework for monitoring, managing, and integrating applications that run on low-power wireless sensor and control networks (WSCN), has hired Adrian Tuck as CEO. Tuck, who formerly worked on the executive team at Tendril's wireless chip partner, Ember Corp., succeeds Tendril's founder Tim Enwall, who was named chairman and chief operating officer. The company also revealed that it has closed a "Series B" round of $5.25 million in financing that was led by Boulder, CO, venture capital firm Vista Ventures. Also participating in the financing were existing institutional investors Access Venture Partners, Appian Ventures, and angel investors, which together provided the company's original $1.75 million in seed funding in late 2004. [Click to continue] |
|
|
|
|