Altierre raises $17M to push wireless infrastructure for retailers
Altierre, a San Jose provider of wireless infrastructure for retailers, said it has raised $17 million in a second round of financing led by the D. E. Shaw group.
DuPont Capital Management and existing investors ATA Ventures, Kinetic Ventures and Labrador Ventures, also invested. The funding follows a $13 million first round in January 2005.
Retailers are experiencing a revolution in wireless technology, the company said in a statement. Low-power chips, long-range RFID-based wireless networks and… Continue Reading