RFID Gazette: Impinj Moves into RFID Chip Manufacturing

July 12, 2004

Impinj Moves into RFID Chip Manufacturing

Seattle-based Impinj has raised an additional $22 million in venture capital to move from development into manufacturing of RFID chips.

The Seattle Times reports:

To that end, Impinj has raised $22 million in venture capital, to move from development into manufacturing. Mobius Venture Capital participated along with previous investors ARCH Venture Partners, Madrona Venture Group and Polaris Venture Partners.

Unilever Technology Ventures and UPS Strategic Enterprise Fund also contributed as strategic investors. In addition to contributing cash, they are expected to lend their industry expertise and could eventually be customers.

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July 12, 2004 in Companies | Permalink