HUNTSVILLE, AL – Synapse Wireless Inc., a company selling software to network machine to machine communications, has raised nearly $3 million from 35 investors, according to a regulatory filing.
The company, which we profiled in February, raised $8.5 million from local investors and the Hickory Venture Group previously. It raised $2.91 million in the current round, according to a filing with the US Securities and Exchange Commission.
says it wants its SNAP software to “become to machines what MS DOS was to PCs—the de facto standard for networking machine to machine communications,” says Paul Brasher, CFO of Synapse.
What do these networks do? They tell a manager if a piece of equipment on the factory floor is running too hot or vibrating too much. They’ll alert a building manager to a problem with the air conditioning.
Their current and potential uses are so varied across so many consumer and industrial sectors that the business of wireless networks for machine to machine communication has been estimated to reach $30 billion this year.
The company partners with Panasonic and California Easter Labs and holds 26 patents on its technology.
Founded in 2007, Synapse presented at the 2010 Southeast Venture Conference.
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