Arch Rock Raises $10M

Arch Rock has raised $10 million in a second round of venture funding which closed May 2

May 15, 2007

1 Min Read

SAN FRANCISCO -- Arch Rock Corporation, a pioneer in open-standards-based wireless sensor networking, has raised $10 million in a second round of venture funding which closed May 2.

Investors in the Series B funding are New Enterprise Associates (lead investor) and Shasta Ventures, both of Menlo Park, Calif.; and Intel Capital, Santa Clara, Calif. All three were participants in Arch Rock's Series A funding round of $5 million in October 2005.

Arch Rock CEO Roland Acra said the new funds will be used to continue the development momentum that has enabled the company to bring its first two products to market over the past eight months, as well as to expand sales, marketing and business development efforts.

"The participation of all three of our previous investors in this new round represents a tremendous vote of confidence in Arch Rock's progress since our initial funding 18 months ago, and in our future direction," Acra said. "We introduced and shipped the first wireless sensor network based on ubiquitous, standard IP networking and service-oriented architecture, enabling customers to integrate their sensor data into the larger information infrastructure and manage it efficiently. And our aggressive product roadmap promises to let users further expand visibility into their physical spaces, assets and processes using a new class of low-power, highly autonomous meshed wireless sensor networks built around that IP and SOA paradigm."

Arch Rock's board of directors includes Acra; Arch Rock co- founder and chief technology officer David Culler; Forest Baskett of NEA; Rob Coneybeer of Shasta Ventures; and Judy Estrin, chairman and CEO of Packet Design, LLC.

Arch Rock Corp.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like