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.

Texas Instruments announces RFID mini-transponders for animal and asset tracking

Texas Instruments (TI) introduced a pair of encapsulated RFID mini-transponders designed for applications in animal tagging and asset tracking.

The 12mm TRPGR30TGC and TRPGP40TGC mini-transponders were developed to enable users a battery-free solution for embedding RFID tags into smaller objects across a broader range of applications. These transponders come ready-to-use and are 100 percent backwards compatible with all of TI’s RFID software and readers including power modules, control modules and micro readers.

NSTIC gets $16.5 million

The National Strategy for Trusted Identities in Cyberspace has received its $16.5 million in funding for the 2012 fiscal year, says Jeremy Grant, senior executive advisor of ID management at the National Institute of Standards and Technology.

17 French cities up for €20m NFC ticketing grant

The French government has shortlisted Paris and 16 other major cities for a €20 million grant that will be used to deliver NFC mobile ticketing solutions for public transportation.

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.

NIST seeks proposals for NSTIC pilots

The National Institute of Standards and Technology announced a competition to award a approximately $10 million for pilot projects to accelerate progress toward improved systems for interoperable, trusted online credentials that go beyond simple user IDs and passwords.

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