Intelleflex Adds $11.5M

Wade Roush12/14/10

Santa Clara, CA-based RFID tag and reader maker Intelleflex, which raised $8 million in Series A financing in November 2009, said today (PDF) that it has closed an $11.5 million Series A extension with existing investors Arcapita Ventures and New Venture Partners. The company will use the funds to boost sales and marketing of its low-cost, temperature-sensitive RFID tags, which it says can help reduce losses in the supply chain for perishable food and cold pharmaceuticals.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @