Radio Frequency Identification Technology for Logistics, Tagging and EPC

InSync raises additional funds

Tuesday, July 8, 2008

San Jose-based InSync Software has raised an additional $3 million in venture capitol to fund its Edgeware software platform. The platform is designed to enable the deployment RFID and sensor-enabled warehousing and logistics automation solutions.

Last month, InSync announced that Bayer Material Science, one of the world’s largest producers of polymers and high-performance plastics, had selected the Edgware platform for use in its warehouse facilities.

The new funds join the $7.5 million raised in 2006 during a previous round of investment. The same investors, including Intel Capital, Rustic Canyon Partners and Girish Gaitonde Living Trust, contributed to both rounds of funds. [end] 

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