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
Voice-to-text mobile transcription service Yap raises $6.5M
We all know that the iPhone’s brilliant interface has changed the game. But let’s face it: while we’ve learned to deal with the touch-based keyboard on our iPhones, typing in messages is an inelegant process that is often executed with total disregard for the surrounding world. Some people (myself included) walk down the street while texting, pulling up directions on Google Maps, or updating Twitter. Some even send text messages as they drive. And so… Continue Reading
Gydget raises funding round for celebrity widgets
We recently covered widget-maker Gydget, when it switched over to the widget business from its previous incarnation as events site Attendio.
At the time, we mentioned that the company was seeking a fresh infusion of capital from its investors. It has now received the round, from investor SunBridge Partners, although it isn’t disclosing how much.
Gydget is a good example of a company that seems to have found a viable business plan in the course of an… 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, 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