Millennial Net

Cambridge, MA
Founded: 2000
www.millennial.net


Why It’s Fierce: The emerging sector of Long Range Wireless Personal Area Networks (LR-WPAN) promises to add another level of complexity and sophistication to the growing Machine-to-Machine (M2M) market. LR-WPAN is a low cost, low power, embedded wireless technology that links devices, systems, and human operators, and can run on common batteries for months or even years. Millennial Net is one of the stars of this emerging market. Its technology, called i-Bean, creates smart, self-organizing networks of wireless sensors that can operate without the need for batteries. The company’s solution consists of wireless nodes and software and can be used to create low-cost sensor networks for a variety of industries. Millennial Net last year closed $6 million in financing and was named to the FocalPoint 40, a group of leading M2M firms. The company is also a leading member of the ZigBee Alliance, a group in the IEEE promoting an open standard for wireless sensor technology. Millennial Net’s i-Bean system will help revolutionize the M2M market and other emerging technologies like ZigBee and RFID.

What to look for in 2004: Look for Millennial Net to win top honors this year from industry insiders. We expect the company to announce a technology partnership with a key RFID vendor as well as an IT integrator.

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