Wireless - Monday, July 30, 2007
Intel Spins Out Gainspan In Wireless Sensor Market
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Sunnyvale, CA-based GainSpan was spun out of Intel in September 2006 and has gained investors that include Intel Capital, New Venture Partners, OVP Venture Partners, and Sigma Partners. They invested $10.5M in a first round. We can't find any press releases or significant reporting on Gainspan so they seem to want to remain in the shadows for now while they hire up (the company has new postings for a VP of Sales and another one for a VP of Marketing).
GainSpan says it has developed an 802.11-based solution that addresses the power requirements for wireless sensor networks. "This solution leverages mature installed infrastructure and satisfies other key requirements such as security, manageability, and integration with enterprise networks." Gainspan also says that it supports 5-10 years of operation using one or two AA batteries.
The startup’s initial focus is on industrial and commercial automation however, it may target municipal WiFi applications, as well as in hospitals and homes.
Vijay Parmar is Gainspan's President & CEO. He was GM of the Intel unit that was spun-out.
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