Intelleflex RFID Equity Funding ...

Intelleflex Corp secures another round of venture capital funding to enable the scale-up of production volumes. ...

... "Intelleflex Corporation, The Intelligent RFID Platform Company, announced the closing of a $15.5 million round of equity funding. This Series B round was led by Morgenthaler Ventures, and was over-subscribed, with continuing participation by Series A investors Woodside Fund, Alloy Ventures and Selby Venture Partners. Proceeds from this round will be used to ramp production, extend the company's line of high performance RFID tags and readers and expand the company's go-to-market capabilities. Intelleflex products enable critical applications including asset management, yard operations, manufacturing WIP, supply chain and security / access control.



The $11.3 million Intelleflex had raised in its A round was used to develop the industry's first fully integrated multi-protocol EPC-compliant RFID single chip IC. In their battery-assisted passive mode of operation, the tags built around this chip offer operating ranges in excess of 100 meters, robust performance in difficult RF conditions and an extended feature set including 64k bits of user read / write memory. " ...

Intelleflex RFID Equity Funding: Intelleflex Corporation Secures $15.5 Million in Series B Funding ...