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.


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