406 Ventures Invests in Ambient Devices - Cambridge, MA

Ambient Devices, a Cambridge-based provider of wireless technologies that support the display of dynamic information, such as weather forecasts, stock market reports, sports scores, announced on Monday that .406 Ventures, a Boston-based firm, has invested in the company. Terms of the deal were not disclosed. Ambient Devices was founded in 2001, based on technology developed at the MIT Media Lab. The company’s founders, Pritesh Gandhi, COO, and Ben Resner, CTO, will continue to lead the company, the announcement said.

http://www.ambientdevices.com/