Wednesday, April 26, 2006

OATSystems Raises $12.5 Million in Second Round - Waltham, MA

OATSystems, a Waltham-based provider of software for radio frequency identification (RFID) systems, has raised $12.5 million in its second round of venture capital, led by Matrix Partners and Greylock Partners. OATSystems was co-founded in 2001 by Sanjay Sarma, the company's CTO, who two years earlier founded MIT's Auto-ID Center. OATSystems' software provides an RFID data management platform that captures and filters raw RFID data and to create an accurate record of inventory and goods movement for improving supply chain operations.

http://www.oatsystems.com/news/pr/oat_ceo.html

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