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ThingMagic Nets New Venture Financing Round

Tuesday, July 15, 2008 6:02:00 AM PDT | VentureDeal Staff

Cambridge, Massachusetts -- RFID company ThingMagic announced that it has secured $9.5 million in a new round of venture capital investment.

The company specializes in developing RFID readers, sensors and related embedded computing technologies, along with consulting services.

Investors in the round included Tudor Ventures, The Excel Group, Morningside Group and .406 Ventures.  The company did not disclose how it would use the funding proceeds.

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