Thursday, July 27, 2006

Intelleflex Gets $15.5M in Oversubscribed Round

San Jose-based Intelleflex, a provider of RFID chips, has raised $15.5M in a Series B venture funding round. The round was led by Morgenthaler Ventures, and included previous investors Woodside Fund, Alloy Ventures, and Selby Venture Partners. Intelleflex is developing RFID tags and readers, used for asset management, manufacturing, supply chain, and security and access control. Intelleflex said it would use the new funding to ramp production. More information »