RegardingID Archive | Impinj Raises $14 Million for RFID

Wednesday, January 23, 2008

Seattle-based Impinj, a developer of RFID semiconductors, said Tuesday that it has raised $14 million in new investments from a number of strategic investors, according to multiple reports.

According to the company, funding comes from Inventec Appliances Corporation, LS Industrial Systems Co. Ltd., Samsung Ventures America, and YFY Group, and will go toward RFID products and technologies.

Impinj develops RFID semiconductors which are used to create RFID tags, readers, and other RFID components.

SML launches 'ViziT' solutions for apparel, partners with TAGSYS and Nedap Retail

SML Group Ltd announced the launch of its new “ViziT” RFID item visibility solutions for the retail apparel and item tracking applications.

The ViziT solutions include a range of RFID/EAS enabled paper and woven labels, as well as tickets and sticker that can be attached to garments and stacked items. Using the SML ViziT IT cloud based data management software also provides for semi automated inventory control, as well as improved loss prevention by triggering alarms and item identification at the store exit.

STL Technologies, Impinj team up to fight crime

STL Technologies, a UK-based criminal justice software provider, has gotten together with Impinj to utilize the company’s RFID technology as part of a real time location system, physical case file management application.

Impinj, RFsense teams to deploy source to floor RFID solution

Impinj and RFsense took part in the joint installment of a complete source to floor RFID solution for “memove,” a new apparel brand and part of Brazil’s Valdac Global Brands.

Israeli database breach raises fears over security of other national databases

The news that Israeli authorities arrested the man they believe was behind the 2006 theft and subsequent leaking of the biometric and biographical data of up to 9 million Israelis contained on their national database has renewed worry of similar issues coming up in other countries where biometric databases continue to grow, according to a Fast Company article.

Agricultural Bank of China tracks money bags with RFID

The Agricultural Bank of China is using an RFID-based bank asset monitoring system to track the movement and amounts of money circulating through their facilities. With headquarters in Beijing, the Agricultural Bank has branches throughout Mainland China, Hong Kong, and Singapore.

London Assembly concerned over open fare system

The London Assembly is cautioning that Oyster Card users may be stuck paying more after contactless credit and debit card payments are introduced next year, reports MayorWatch.co.uk.

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Impinj Raises $14 Million for RFID