For those of you that didn’t see last week’s newsletter, here is the lead story. In March, Patrick Sweeney joined two dozen small business executives at the White House to watch President Obama sign a job stimulation bill for small businesses. As he stood in the Rose Garden, Sweeney, the CEO of ODIN technologies in [...]
Received some great feedback from last week’s article about the use of RFID to tag individual Koa trees on a plantation on Hawaii. The RFID tree tracking database being developed by Hawaiian Legacy Hardwoods (HLH) will allow investors in the HLH Koa reforestation project to track and monitor the progress of their investment in real [...]
Last month, RFID technology got a boost when the Korean government indicated that it will require half of all pharmaceuticals to carry RFID tags by 2015. Now, RFID is getting a shot in the arm from the European Union. The EU is funding a project in six countries to measure the return on investment for [...]
The investment community continues to channel cash into the RFID sector. The latest beneficiary, item-level RFID infrastructure provider TAGSYS, has pulled in $12 million from five investors. The announcement follows those from Alien Technology, which raised $10.9 million, and RTLS provider Awarepoint, which raised $10 million. TAGSYS marketing director Maria Kaganov says the new funding [...]
There might be a menu upgrade in store for next week’s Alien Technology User Conference after Morgan Hills, Calif.-based Alien hauled in another $10.9 million in venture funding on Wednesday. The cash infusion is the company’s first since it raised $38 million in October 2008 during one of the mist difficult financial periods in U.S. [...]
Money continues to flow into the RFID sector, with Omni-ID the latest recipient. The Foster City, Calif.-based firm announced its third round of funding today, securing $15 million from UK-based Cody Gate Ventures G.P. The funding marks Cody’s third investment in Omni-ID, and is triple the approximately $5 million it doled out in its first [...]
It’s a good sign for RFID technology that money continues to flow into the sector even during such poor economic times. ThingMagic today announced a strategic investment and technology development agreement with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the mission of the broader U.S. intelligence community. The [...]