RFID co., Alien, aiming for $50M more to get out of hole
Alien Technology, the Morgan Hill radio frequency identification technology (RFID) company that withdrew a planned IPO last August, is aiming to raise up to $50 million, in another round of capital.
Mark Perry, a general partner with New Enterprise Associates and an Alien Technology board member, confirmed the plans with VentureWire (sub required).
This is a high-risk bet, because the company is losing piles of money on every sale, and doesn’t have a firm leader — it… Continue Reading