Impinj Raises $5.8M

Seattle-based Impinj, a radio-frequency identification (RFID) systems developer, has raised $5.8 million in debt and options financing, according to a regulatory filing. The company, founded in May of 2000, received $14 million in venture funding in 2008, and later that year sold off its nonvolatile-memory intellectual property business for $5.2 million and acquired Intel’s RFID business in order to focus on tracking technology development. Impinj has been backed by a number of VC firms, including Madrona Venture Group, Samsung Ventures, and Unilever Technology Ventures, and was called out as the most exciting tech company in Seattle by Intellectual Ventures’ Patrick Ennis last year. A spokesperson from Impinj did not immediately respond to a request for comment.

Trending on Xconomy