Alien Technology secures $38 mn in new round of funding

October 07, 2008 - United States Of America

Alien Technology announced that it has secured a new round of financing, led by existing investors Advanced Equities, New Enterprise Associates (NEA), Rho Ventures and Sunbridge Partners. Despite challenging U.S. economic market conditions, Alien successfully acquired an aggregate $38 million in new funds.

Alien’s expected product revenue for its recently completed FY08 grew approximately more than 50% over FY07. Each consecutive quarter in FY08 realized record breaking inlay volume sales, placing FY08 inlay volume growth above 76% over FY07.

Alien Technology provides UHF Radio Frequency Identification (RFID) products and services to customers in retail, consumer goods, manufacturing, defense, transportation and logistics, pharmaceuticals and other industries.