Cisco and Intel invest in Crossbow Technology
Monday, 31 October, 2005
Crossbow Technology, a supplier of MEMS-based sensors and wireless sensor networks, announced that it has reached agreement with Cisco Systems, Intel, and Paladin Capital Group for a new investment round totalling US$12 million. Intel initially invested in Crossbow in 2002. This is the first investment in Crossbow for Cisco and Paladin. Privately-held Crossbow says it became profitable in 2002 and plans to use this funding to expand its international operations and R&D programs.
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