Tego Raises $6 Million in First Round of Venture Capital - Waltham, MA

Tego, a Waltham-based developer of "high-memory," passive RFID tag technology, has raised $6 million in its first round of venture capital, led by Bainco International Investors, an asset management and wealth advisory firm. Tego's technology is designed for applications in aerospace, defense, transportation, and other industries requiring storage, retrieval and management of large amounts of data and information on a passive tag. The company said it will use the new investment funds for development and commercialization of its products that will be initially launched for the aerospace industry.

http://www.tegoinc.com