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Market Size
by Anita Campbell on September 5, 2005
ThingMagic is a young company (spun off from MIT in 2000). However, by all appearances it has a solid track record. For instance, earlier this year the company landed a contract with British grocer Tesco estimated at $10 Million.
It goes to show that for young companies with demonstrated successes, VC money is out there.
About a month ago I interviewed Jeff Nolan of SAP Ventures. He noted that valuations of RFID companies had held up pretty well despite the RFID market being in the midst of the Gartner Hype Cycle's trough of disillusionment, mainly because of a small group of VCs who understand the RFID market and see the progress being made.
Read more about ThingMagic here (BizJournals report) and here (Robert W. Baird Co.'s investment profile of ThingMagic).
Tags: venture capital; technology; RFID
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/8972
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