Thursday, October 2, 2014

Tile Takes $9.5M

San Mateo-based Tile, a developer of a miniature tracking device which connects to your keys, wallet, purse, and other stuff, has raised $9.5M in a Series A funding. The funding was led by GGV Capital, and also included Tencent, Tandem Capital, Rothenberg Ventures, AME Cloud Ventures, Slow Ventures, and others. The company's device sends out a signal to a user's cell phone so they can always find a lost item--as long as the phone itself isn't lost.