ThingMagic adds another $6M to Series A Round - Cambridge, MA
ThingMagic, Inc. (www.thingmagic.com), a leading developer of radio frequency identification (RFID) technology, today announced it has received additional funding. New investors include Cisco Systems, Inc., the worldwide leader in networking for the Internet, and Nicholas Negroponte, Wiesner Professor of Media Technology at the Massachusetts Institute of Technology and founding chairman of MIT's Media Laboratory. Other investors in ThingMagic include The Tudor Group and affiliated funds, The Exxel Group, Inventec Appliances Corp., Morningside Technology Ventures Ltd., and Top Line Capital LLC. ThingMagic's private financing totals $21 million, including a line of credit from Silicon Valley Bank.