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Alien Technology secures $38 mn in new round of funding

07
Oct '08
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.

Alien Technology Corporation


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