Wireless - Wednesday, April 25, 2007
RFID's Alien Tech Tops Off With $270M In Total VC
It's hard to imagine that Alien Technology's VCs will ever see a return on investment given that they have now put $270M to work in the Morgan Hill, CA–based RFID tagging company. Today it closed a $33M round in Series I funding. Advanced Equities and Sunbridge Partners co-led the deal, and were joined by return backers Rho Ventures and New Enterprise Associates. In 2006, it withdrew a $138M IPO.
Alien's latest RFID reader
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