Intel, Cisco back active RFID startup

March 6, 2007

Rfdesignline.com 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.