InSync Software raises $3M for RFID software
InSync Software, a startup that makes an application platform for use with RFID, GPD and sensor technologies, has raised $3 million in additional financing for its technology from previous investors Intel Capital, Rustic Canyon Partners and Girish Gaitonde Living Trust.
The San Jose, Calif. company is raising the money as part of a slightly larger round, according to VentureBeat sources. Insync did not respond to a request for comment. Its previous round, raised in 2006, was for $7.5 million.
Insync’s platform helps companies track inventory and assets for a variety of purposes. Most recently, it secured Bayer Materials as a client.
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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.
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