RFID players Impinj, Alien Technology, and AeroScout nab capital funding
By Manufacturing Business Technology Staff -- Manufacturing Business Technology, 8/2/2007 7:27:00 AM
Several major RFID vendors recently announced new rounds of venture capital funding, signaling continuing confidence and maturity in the RFID market.
Impinj, a fabless semiconductor developer of RFID tags and readers, received $19 million in its fifth round of private funding, bringing its total venture capital investment since its founding in 2000 to $98 million.
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| "Investments are going to innovative companies that continue to find success and win customer contracts.” —Michael Liard, director, ABI Research |
AeroScout, provider of Wi-Fi-based active RFID technology, secured $21 million in its third round of funding since its founding in 2000.
Alien Technology has secured $33 million in new financing, bringing the total venture capital investments in the RFID solutions company to more than $291 million since its founding in 1994. Alien provides UHF RFID tags and readers, and related services to customers in the retail, consumer goods, manufacturing, defense, transportation and logistics, pharmaceutical industries, among others.
"These announcements are testament to the growing maturity of the marketplace,” says Michael Liard, research director of RFID for Oyster Bay, N.Y.-based ABI Research. “Though RFID still remains a fragmented, competitive market, investments are going to innovative companies that continue to find success and win customer contracts.”
