Xconomy Seattle

Impinj, Inc. Secures $14,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7af607c4-20ed-4913-97ca-ffe36d16e63b&Preview=1
Date
1/22/2008
Company Name
Impinj, Inc.
Mailing Address
701 N. 34th Street Seattle, WA 98103
Company Description
Impinj, Inc. is a fabless semiconductor company whose patented Self-Adaptive Silicon technology enables its two synergistic business lines: high performance RFID products and innovative semiconductor intellectual property (IP).
Website
http://www.impinj.com
Transaction Type
Venture Equity
Transaction Amount
$14,000,000
Transaction Round
Undisclosed
Proceeds Purposes
“This additional investment puts Impinj in an excellent cash position and will be used for continued development of item-level RFID products and technologies,” said William Colleran, president and CEO of Impinj. “We are also very excited by the additional business opportunities made possible by closer relationships with this group of respected and well-connected companies.”
M&A Terms
Venture Investor
Samsung Ventures
Venture Investor
Undisclosed