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PINC Solutions Raises Series A Venture Capital

Wednesday, April 24, 2013 5:56:00 AM PDT | VentureDeal

   Alameda, California  --  RFID technology company PINC Solutions has landed $5.5 million in venture capital funding, according to an SEC regulatory filing.

PINC  has developed RTLS-based asset tracking technology that uses a combination of passive RFID, MEMS and other low-cost sensors.

Investors in the financing were not disclosed, nor was how the company intends to use the proceeds.

PINC Solutions is backed by venture capital firms such as Horizon Ventures and Sutter Hill Ventures.

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