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Ambient Charged Up by $3 Million

Ambient of Newton, MA, develops technology that makes it possible to use the existing electric power grid as a lightning-fast broadband network. The company today announced that it has secured $3 million in new financing from Vicis Capital Master Fund. One application of Ambient’s technology is automated reading of electricity meters and similar equipment by utilities, but it can also be used to deliver broadband Internet access to consumers.

Erik Mellgren is a Swedish journalist who worked for Xconomy Boston in 2008 as part of the Stanford Innovation Journalism Fellowship program. His real job is with Ny Teknik, a leading technology and innovation magazine in Sweden, but he loved seeing the Red Sox at Fenway.

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