Thursday, June 2, 2016

Tile Takes $18M To Keep You From Losing Your Keys

San Mateo-based Tile, a maker of "smart" tags which can be attached to your keys, phone, wallet, or other items so you can find them again later, has raised $18M in a Series B funding round. The funding was led by Bessmer Venture Partners, and also included GGV Capital, Khosla Ventures, Tandem and Tencent. Byron Deeter of Bessemer joins the company's board with the funding. Tile said it saw $43M in revenues last year, and has sold more than five million of its devices to date.