RegardingID Archive | GlobeRanger announces new round of funding

Wednesday, March 11, 2009

GlobeRanger, a Texas-based provider of RFID-enabled enterprise solutions, has announced the completion of a new round of funding. The Series C funding, which includes conversion into equity of some outstanding bridge loans from investors, is worth $8.3 million.

The firm plans to use the new funds to accelerate product and business development activities, with a focus on supply chain logistics solutions in the government, aerospace and defense, and industrial production markets. On the strength of its 40 percent growth in revenues in 2007 and 2008, GlobeRanger was recently named the fifth fastest-growing technology company in the Dallas-Fort Worth area (which itself has been pointed to as a center of RFID development) by the Metropolitan Technology Business Council, a local business organization.

The funding comes from previous backers Sevin Rosen Funds and CenterPoint Ventures, as well as several new investors.

Richardson Police launches RFID inventory system from GlobeRanger

The Richardson Police Department in Texas has deployed an RFID asset management system powered by GlobeRanger’s GR AWARE application.

The RPD solution runs on GlobeRanger’s iMotion platform which enables data capture from current and the next generation of devices. This allows the department to electronically scan and catalog inventory, and obtain real-time visibility on critical assets ranging from weapons and uniforms to radars and cell phones.

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Mobile payments start up Boku has received $35 million in funding from Telefonica Digital, the tech arm of Spanish mobile operator Telefonica, and New Enterprise Associates among other investors.

Poken gets $2 million in funding, readies move to Silicon Valley

Poken, a provider of NFC tag-based marketing solutions, has received $2 million in an investment round led by Swisscom Ventures and Credit Suisse to expand its U.S. sales operations.

Partnership to produce ID authentication and processing platform

AU10TIX, a subsidiary of ICTS International N.V., and the UK subsidiary of 3M have entered into an agreement to provide a ID document capture and authentication hardware and software products that will be able to cross-reference and manage records across a wide range of national and international identification cards.

NFC coupon firm Coupies to expand with new funding

Coupies, a German mobile marketing firm specializing in NFC coupons, has announced that it will expand its operations after landing a seven-figure funding round from CologneInvest, according to GigaOM.

OneLogin raises $1.5M in funding

Cloud-based identity and access management provider OneLogin closed a $1.5 million round of funding. The series A round came from Charles River Ventures, an existing investor in OneLogin.

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GlobeRanger announces new round of funding