InSync raises additional funds
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]](/resources/bullet/rfidnews-4.gif)
