Alien Technology raises $38 million for RFID technology
Alien Technology, a maker of tiny radio tags and readers, has a somewhat bumpy history. But now it’s back with a new round of $38 million in venture funding.
Back in 2006, without ever recording a profit and with losses exceeding sales, it filed for a scary IPO but was forced to pull it and then cut its worforce. It has burned through a whopping $302 million.
The new round is only slightly smaller than the $40… Continue Reading
Alien Technology, struggling radio tag company, raises $33M more
Alien Technology, the company in Morgan Hill, Calif., that failed in its audacious effort to go public last year, has raised another $33 million in financing.
Alien filed to go public last year, while losing money on every sale of its radio frequency identification (RFID), and was forced to withdraw when markets wouldn’t support it. See our coverage here. Mark Perry, partner with NEA, a backer of Alien said in November he hoped to raise $50… Continue Reading
RFID co., Alien, gets new CEO
Alien Technology, the radio frequency identification company, said it has appointed George W. Everhart as chief executive, filling a void left after former CEO Stav Prodromou left the position when the company pulled its IPO plans.
Everhart has held executive positions at 3Com, Fujitsu and Apple. Alien is based in Morgan Hill, Calif.
The full announcement is here.