Tego Taps $6 Million for Tags

Robert Buderi 11/1/07

Tego, a Waltham, MA-based developer of high-memory RFID tag solutions for the aerospace, defense, and transportation markets, announced today that it had closed a $6 million Series A round led by Bainco International Investors of Wellesley, MA. Tego was formed in 2005. According to its website and press release, its products allow for storing and managing large amounts of data on passive RFID tags for such purposes as supply chain management, asset tracking, and security and authentication.