Xerafy Ltd, a global provider of rugged passive RFID tags, has secured $5 million in Series A funding from Shanghai-based IPV Capital to accelerate growth and business expansion. The two-year-old company will use the cash infusion to penetrate new markets, expand its offering of on-metal tags, and ramp up its new manufacturing plant in Nantong, China. [...]
It’s been a dreadful summer for U.S. IPOs due to economic uncertainty and a choppy and unpredictable stock market, but tech stocks could be the shining stars when it comes to IPOs over the last four months of the year. An article from Reuters says tech issues could see strong demand after bankers and fund [...]
The recent and dramatic downturn in the stock market could spell bad news for Impinj’s bid to go public. According to an AP report, eight IPOs have been cancelled this week alone, with one more reducing its price as a turbulent stock market has caused many investors to flee stocks. Only one company has gone public [...]
On a day when the stock market lost 4 percent in its biggest drop since 2008, Invengo announced it has raised $108 million (US) through a private placement stock offering. The firm, based in Shenzhen, China with U.S. offices in Washington DC and Seattle, will use the cash infusion to introduce several new products over [...]
In late 2005, I predicted in another publication that a young upstart company called Impinj would some day file for an IPO. Six years later that time has arrived. In case you missed this week’s coverage of the Impinj IPO announcement, we have included it on our blog page. Four years ago, Alien Technology created [...]
Investors in Impinj may finally have a way to cash out of the company. Impinj announced on Thursday that it is filing for an initial public offering that could raise as much as $100 million. Impinj could be trading by year end, and would be the first North American-based RFID pure play to test public [...]
Omnitrol Networks announced today that it has closed a round of financing with Javelin Venture Partners and several existing investors, raising the company’s total investment since inception to approximately $15 million. The cash infusion will be used to expand sales and marketing, and help accelerate key initiatives in response to sustained industry growth. Omnitrol is [...]
For those that didn’t receive this week’s edition of RFID 24-7, we’ve posted our lead story here for you. When ThingMagic got its start in a garage in Somerville, Mass., 10 years ago, the firm’s co-founders probably never considered that the company would be scooped up a decade later by a billion-dollar buyer. That’s exactly [...]
RFID pioneer ThingMagic, in the midst of a high-profile 10th anniversary celebration, upped the ante today. The firm announced that it has been sold to California-based and publicly-traded Trimble. ThingMagic was born out of the former Auto-ID Center at MIT. According to the press release issued by Trimble, ThingMagic will continue to offer high-performance fixed [...]
ClearCount Medical Solutions, an innovator of patient safety solutions for operating rooms, has received a $5 million shot in the arm from Draper Triangle Ventures and other existing investors. The Series B financing will allow the company to drive market penetration and research and development of its RFID-based solutions for hospital patient safety applications. ClearCount [...]
