Radio tag company Alien Technology raising another $40M
Alien Technology Corp., a maker of Radio Frequency Identification (RFID) products and services, is raising another $40 million in a ninth round of venture money, according to Private Equity Hub. That should bring the Morgan Hill, Calif. company’s total funding to a whopping $302 million.
A broker dealer called Advanced Equities Capital Partners is reportedly telling existing investors that it’s in their “best interests” to “fully participate” in the new round. Alien Technology tried to go public in 2006, but had to withdraw its IPO. It last raised $33 million a little more than a year ago.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.