Monday, June 20, 2005

RF Code Secures $20 Million for RFID Software

RF Code, a start-up based in Mesa, Arizona raised $20 million in new funding for its RFID software solutions. RF Code's "hybrid RFID" enables device-independent data collection from a wide variety of devices including active RFID readers, passive RFID readers, remote sensors, mesh RF networks, barcode scanners, Wi-Fi access points and GPS receivers. Its solutions are being used in sectors as diverse as manufacturing, defense, transportation, homeland security, information technology, healthcare and entertainment.

The investment marks the first institutional round of funding in the company's eight-year history. The new financing was led by QuestMark Partners of Baltimore, MD and includes Intel Capital of Santa Clara, CA. Previous investors also participated in the round.

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