ThingMagic raises $10 M in round A

By agencies   |   Thursday, 22 September 2005, 07:00 Hrs
Printer Print Email Email
CAMBRIDGE: Thing Magic, a maker of radio frequency identification reader maker co-founded by Ravi Pappu has raised $10 million in a Series A round.

“The money would be used for technology development as well as strategic and organizational growth,” Pappu said adding, “It would also be used for development opportunities.”

The Exxel Group led the round, with Morningside Technology Ventures Ltd., Inventec Appliances and Top Line Growth Capital LLC participating.

ThingMagic officials said the investors would give the company exposure to overseas markets and added management experience.

Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..