Ember Raises $12M

ZigBee, a wireless technology standard that relies on low-power, low data-rate chips to automate electronic devices, is helping Boston-based Ember raise enough revenue to meet the demand for the chips. Homes and businesses use the chips for everyday appliances, inventory management, and monitoring systems; roughly 10 billion microcontrollers are installed in everyday items each year. With a possible $1 billion in sales by 2010, the ZigBee market has attracted a slew of competitors who will undoubtedly battle it out with Ember for the lion’s share.
Via [redherring.com]

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