US-based chip-maker Intel has helped Impinj raise another round of financing which it is pursuing instead of a flotation.
US-based chip-maker Intel has helped Impinj, a US-based radio frequency identification business, raise $21m.
Intel was joined in the round by US-based fund manager AllianceBernstein and venture firms ARCH Venture Partners, GF Private Equity Group, Madrona Venture Group, Mobius Venture Capital
The company added it planned to raise $24m by the end of August.
Mark Mackenzie, who manages the investment on behalf of AllianceBernstein, said: “The successful use of RFID in item-level tagging applications, particularly in the retail sector, has…
