Alien Secures $66 Million In New Round Of Funding
Alien Technology today announced the completion of a $66 million round of financing, led by SunBridge Partners. The financing provides the company with capital to continue its expansion and drive new market opportunities in the face of accelerating global demand for RFID technology. Joining lead investor SunBridge Partners in the new round of funding are existing Alien investors Advanced Equities, Digital Bandwidth, Equitek Capital, Lago Ventures and Miami Valley Venture Fund. This H round of financing brings the total capital invested in Alien to more than $200 million.
“The success of this latest round of financing underscores investor interest in the RFID arena and reinforces Alien’s ongoing market and technology leadership,” said Stav Prodromou, Chief Executive Officer, Alien Technology. “As a leading pioneer of the UHF RFID industry, we are continuing to invest in state-of-the-art high-volume manufacturing capabilities, advanced product development, expanded customer solution services and facilities, and broadened market reach, including acquisitions such as our recent purchase of transportation segment expert Quatrotec.”
“Alien has established itself as the clear leader in RFID technology, from the development of proprietary manufacturing technology that allows the offering of the lowest-cost RFID tags available to refining the highest-performance RFID reader products,” said Allen Miner, General Partner, SunBridge Partners. “Alien is uniquely dedicated to delivering customer benefits from RFID, and we look forward to working with the company to extend the proven advantages of RFID adoption to ever broader market segments.” ![[end]](/resources/bullet/contactlessnews-4.gif)
