Cambridge, MA based ThingMagic, Inc., a premium RFID technology provider announced today that it has raised $21 million funding from Cisco Systems and Nicholas Negroponte.
ThingMagic CEO Tom Grant says,
“We have been working with Cisco to make sure our systems integrate into the corporate network, so the Cisco investment is a good fit…Cisco recognizes that RFID will become an important part of maintaining and understanding the flow of the supply chain.”
Cisco Systems’ vice president Mohsen Moazami feels like Internet, Radio Frequency Identification solutions also is a technology which is been driven by the infrastructure. He further says that Cisco considers itself as the active member here and keenly supports RFID industry. RFID in nature is not only non-disruptive can be a true low cost ownership if implemented properly. This partnership, he feels, will make it a natural fit in their Radio Frequency Identification plan of action.
ThingMagic’s Mercury4 RFID reader platform, the only reader available that can read any RFID tag, is designed with a unique Software Defined Radio architecture. It is certified by EPCglobal and MET Labs for all three Generation 2 RFID modes, including the complex Dense Reader mode.
Via [Redherring]
