Friday, July 11, 2008

ThingMagic Raises $9.5 Million in Second Round - Cambridge, MA

ThingMagic, a Cambridge-based developer of RFID (radio frequency identification) readers, sensors, and other embedded and low-cost computing technologies, has raised $9.5 million in its second round of venture capital, according to the company’s CEO, Tom Grant. ThingMagic’s technology is used by retailers, consumer companies, automotive firms, manufacturers and industrial automation firms. The company was founded in 2000 and employs under 40 people, Grant said.


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