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Lead StoryDespite challenging financial times, Omni-ID has landed $15M in venture funding. Learn how they did it, and how the funds will be put to use.
Omni-ID pulls in $15M in VC funding;
Targets new markets, Asian growth
full article
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 two rounds of funding.
Omni-ID, which provides passive ultra high frequency (UHF) RFID technology solutions, expects to use the funding to ramp up marketing efforts, penetrate new markets, increase manufacturing capacity and to move into Asian markets. The company expects to unveil a new global customer in the Asian marketplace sometime next month. To date, Omni-ID has successfully built a reputation as a UHF IT asset tagging manufacturer.
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A new study by ABI Research reveals user payback expectations for RFID deployments. ABI claims that the lack of adequate ROI data was the third-highest ranked reason for non-deployment.
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Diana Hage has been hired to lead new growth at RFID Global Solution, Inc., a provider of asset visibility solutions for defense, government and commercial firms.
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The State of Hawaii Department of Agriculture and the Hawaii Farm Bureau have announced a three-year pilot RFID initiative to track and trace fresh produce throughout the state’s food supply chain.
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New RFID channel distributor will propel the growth of the RFID industry as the only technology distributor to focus on delivering RFID technology to value-added resellers in the U.S. and Canada.
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Jungheinrich released its new electric order picker/three-way stacker at the CeMAT show in Germany, and claims that the system could increase throughput efficiency by approximately 15 percent.
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Welcome to RFID 24-7, your source for news & trends from the RFID and auto-ID industry
From the Editor
Despite challenging financial times, Omni-ID has landed $15M in venture funding. Learn how they did it, and how the funds will be put to use.
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About the Editor
John R. Johnson is a veteran business and technology journalist with over 15 years of experience covering RFID technology and supply chain topics, first as editor of Warehousing Management and most recently as editor of DC Velocity.
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