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SkyeTek Soars With $10 Million Financing

Thursday, July 26, 2007 5:00:00 AM PDT | VentureDeal Staff

WESTMINSTER, CO -- RFID company SkyeTek announced the close of its third round of venture capital funding in the amount of $10 million.

SkyeTek develops RFID reader hardware and software as complete embedded RFID solutions, and sells or licenses its technologies to OEM customers as a complete solutions.

Grotech Capital Group led the round, which included the TD Fund, Appian Ventures, Sequel Venture Partners and Palomar Ventures.  The funding round will enable SkyeTek to expand its sales coverage and product development.

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