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Upstart tech snares $22M

Jul 11, 2004This article was originally published by RFID Update.

July 11, 2004—Impinj, maker of the Zuma RFID system released earlier this year, has received $22 million in financing from the likes of consumer goods giant Unilever, shipping company UPS, and prestigious Silicon Valley-based venture firm Mobius. The cash infusion puts the 60-employee company's total funding at $50 million. Impinj president William Colleran predicts profitability by the middle of 2005 at the earliest.

Read the article at MSNBC
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