Altierre raises $8 million more on top of previous round
Altierre has raised an additional $8 million as part of its previously announced third round of funding. Full-told, the maker of RFID shelf-tagging systems has now raised $30 million in its third round, which was announced two months ago.
Previous investors D. E. Shaw and Labrador Ventures participated in the $8 million second closing. The company has raised $60 million to date. Other investors include ATA Ventures, DuPont Capital Management, Galleon Group and Kinetic Ventures.
The San Jose, Calif., company, founded in 2003, makes a system for retailers that lets them change prices through radio chips on store shelves.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.