RFID Startup Secures $66 Million in Funding

"Startup RFID provider Alien Technology announced the completion of a $66 million round of financing, led by SunBridge Partners. The $66 million funding round is among the largest that EE Times has seen since the introduction of the venture capital counter (VCC) in January 2004. It is also the eighth, or H, round of funding that Alien Technology has received, bringing the total capital invested in the company to more than $200 million. Alien Technology (Morgan Hill, Calif.) said it would use the funding to continue expansion and drive new market opportunities in the face of accelerating global demand for RFID technology." Source: eet.com