InSync finds $4.7M for asset-tracking software
InSync Software, provider of software that tracks companies’ assets — using radio-frequency identification, GPS and advanced sensor systems — has brought in most of an anticipated $4.7 million second round of funding, according to VentureWire. This might not sound like much, but it already works with some formidable companies, including Motorola, Honeywell, Hewlett-Packard and SAP.
Based in San Jose, Calif., InSync last raised money in 2006, closing a $7.5 million first round from Intel Capital and Rustic Canyon Ventures. One member on its board of directors is from TuShean Venture Partners, but it’s unclear if the firm provided any financing.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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