Pinc Solutions, a passive RFID co., raises millions in third round

April 16, 2007 | Matt Marshall

Pinc Solutions, a so-called “passive” radio frequency identification (RFID) technology company, has raised an undisclosed amount for its third round of funding, according to VentureWire (sub required).

The round, totaling in the “single-digit” millions, was led by Horizon Ventures with participation from Sutter Hill Ventures, which provided the company’s undisclosed Series B round last year, according to Aleks Gollu, chief executive of Pinc Solutions. The company’s flagship product, Yard Hound, uses a combination of passive RFID tags and a hosted Web service to track the real time locations of trailers in yards of distribution centers.

Next Story: Ignite lights up Web 2.0 Expo
Previous Story: IP services provider for small businesses, Telekenex, raises round

Twitter

Facebook

Google Buzz

Digg

StumbleUpon

Delicious

Google

More...

Tags: deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.