What is Allen Lumber?
Allen Lumber operates as a specialized IC design company, focusing on the research, development, and production of IoT RFID chip products and comprehensive solutions. Their integrated offerings encompass IoT chips, hardware, cloud platforms, and a suite of smart solutions tailored for applications such as smart lighting poles, asset management, anti-counterfeiting traceability, and smart logistics. The company's innovative technology is deployed across various industries, including logistics, tobacco, and large airports, facilitating advanced product verification and management. Established in 2013, Allen Lumber has garnered numerous accolades and holds over 40 invention patents, highlighting its commitment to technological advancement and intellectual property.
How much funding has Allen Lumber raised?
Allen Lumber has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Allen Lumber?
With a substantial history of funding and a recent major strategic investment, Allen Lumber is well-positioned for its next phase of growth. The company's focus on IoT RFID technology and its diverse application in critical industries suggest a trajectory towards scaling its operations, enhancing its product development pipeline, and potentially exploring new market segments. This capital infusion is likely to fuel further innovation, expand manufacturing capabilities, and strengthen its market presence, solidifying its role as a key player in the smart solutions landscape.
See full Allen Lumber company page
