Intelleflex raises $15.5M for RFID equipment
Intelleflex is the maker of an “extended capability” radio frequency identification (RFID) tags, along with the higher-powered readers that make the passive tags active at longer ranges.
Although the RFID industry hasn’t quite lived up to the “RFID revolution” that was proclaimed for retailers several years ago, the technology has still seen a gradual warming of interest.
Intelleflex’s own tags can be used for purposes including parts and yard maintenance and temperature tracking for refrigerated foods, according to the company, which also recently entered into a joint development agreement with Motorola.
The $15.5 million round, the company’s third, was co-led by Arcapita Ventures and Motorola Ventures. Past investors Morgenthaler Ventures, Woodside Fund, Alloy Ventures, and Selby Venture Partners also participated. The company is based in Santa Clara, Calif.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.