NETANYA, Israel AeroScout Inc., a specialist developer of Wi-Fi-based active RFID solutions, has secured $21 million in a Series C round led by Menlo Ventures.
Both Menlo Ventures and Greylock Partners have joined the AeroScout investor syndicate in this round, and existing investors Star Ventures, Pitango, Cisco Systems and Intel Capital also participated.
AeroScout will use the funds to expand its sales and marketing for healthcare, manufacturing and logistics applications, as well as its presence in growing international markets. The money is also targeted to support product development.
AeroScout (San Mateo, Calif.) employs 90 developing Wi-Fi-based active RFID solutions.
The company's positioning technologies use the wireless infrastructure to locate any standard 802.1b/g enabled laptop, PDA, barcode scanner or RFID reader, as well as battery-powered tags attached to people or any other assets and equipment.
Yoram Snir at Greylock Partners commented: "The Active RFID and RTLS sectors have shown growth due to their benefits for customers, and AeroScout is well positioned to take advantage of this important market."