Impinj Raises $26.5M, Cements RFID Leadership Role18 December 2005
Impinj, Inc., the fabless semiconductor company
whose patented Self-Adaptive Silicon® technology enables its two business
lines: semiconductor intellectual property and high performance radio
frequency identification (RFID) products, today announced it has secured a
$26.5 million round of funding. Participants in the funding round included
new investors GF Private Equity Group LLC, who led the round, and
VentureTech Alliance along with existing investors ARCH Venture Partners,
Madrona Venture Group, Mobius Venture Capital, Polaris Venture Partners,
Unilever Technology Ventures, UPS Strategic Enterprise Fund and the Viterbi
Group.
"This new injection of capital allows Impinj to maintain our excellent
progress delivering the semiconductor solutions that our customers in the
explosive RFID and the nascent embedded nonvolatile markets are demanding,"
said Dr. William Colleran, President and CEO of Impinj. "We will continue
to aggressively drive our product development and operations to maintain
our leadership positions in those markets."
"We've followed the RFID marketplace closely and feel that Impinj's
products offer the most compelling and differentiated solutions in the
field," said David Fallace, Vice President of GF Private Equity Group.
"Impinj's leadership position in the RFID market provides GF with a great
investment opportunity."
"We are very impressed with Impinj's technology and business prospects,"
said Ron Norris, a Managing Partner of VentureTech Alliance. "We've been
tracking Impinj for quite some time and see extensive applications for
their technology and products in RFID, nonvolatile memory and beyond."
About Impinj, Inc.
Impinj, Inc. is a fabless semiconductor company whose patented
Self-Adaptive Silicon® technology enables its two synergistic business
lines: high performance RFID products and cost-effective semiconductor
intellectual property (SIP). A leading contributor to the RFID standards
for high volume supply-chain applications worldwide, Impinj leverages its
technical expertise and industry partnerships to deliver the GrandPrix™
solution, comprising tags, readers, software and systems integration to
offer RFID that just works™. Impinj's innovative SIP products, core to
the company's RFID tags, are licensed to leading semiconductor companies
worldwide, allowing them to cost-effectively integrate crucial nonvolatile
memory (NVM) alongside analog and digital functionality on a single chip.
Impinj's SIP products include the popular AEON™ memory, the world's
first rewriteable NVM technology compatible with logic CMOS manufacturing,
and AEFuse™, the world's first rewriteable fuse architecture. For more
information, visit www.impinj.com.
Impinj, Self-Adaptive Silicon, GrandPrix, AEON, AEFuse, RFID that just
works, and Monza are either registered trademarks or trademarks of Impinj,
Inc.
Editorial Contacts:
Jill West
Impinj, Inc.
206-834-1110
Email Contact
Lynda Kaye
Mango Communications
650-799-2888
Email Contact
SOURCE: Impinj, Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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