Wireless - Tuesday, September 18, 2007
Ultra Wideband's Time Domain Raises $25M
Ultra wideband's Time Domain has closed a $25M financing round led by controlling shareholder Pharos Capital Group which invested $15M. An un-named pension fund of a public safety organization joined the round. Birmingham, AL-based Time Domain uses Ultra Wideband technology to track locations to within a few feet with an accuracy that the company says is greater than Global Positioning Systems. Clients use it to track assets and people.
Read - announcement
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