Wednesday, September 13, 2006

S5 Wireless Secures $11.5 Million for Wireless Location

S5 Wireless, a start-up based in Draper, Utah raised $11.5 million for its next-generation wireless location technologies.

The Series B funding was led by Eagle River Holdings, Craig McCaw's investment company, and included existing investors vSpring Capital and Wasatch Venture Fund.

S5 is building solutions for tracking and monitoring across a variety of industries, including E-911 location for VoIP services, companion animals/pets, homeland security, medical devices, shipping containers, telecommunications, tools, and others.

S5 offers an extremely low-cost and low power consumption embeddable semiconductor that enables location accuracy similar to GPS indoors/outdoors without using GPS.