What is Impinj?
Impinj, Inc. is a pivotal technology company specializing in the development and distribution of RAIN RFID solutions. Its comprehensive platform, encompassing RFID chips, readers, gateways, and sophisticated software, empowers businesses across diverse sectors like retail, logistics, and healthcare to achieve real-time item-level visibility and intelligence. By enabling seamless digital integration with physical goods, Impinj facilitates enhanced operational efficiency, accuracy, and data-driven decision-making for its global clientele.
How much funding has Impinj raised?
Impinj has raised a total of $317.8M across 11 funding rounds:
Series D
$26.5M
Series E
$19M
Other Financing Round
$14M
Debt
$5.8M
Other Financing Round
$21M
Stock Offering
$69.2M
Stock Offering
$38.7M
Debt
$72.6M
Series D (2005): $26.5M featuring VentureTech Alliance, Polaris Partners, GF Private Equity Group, LLC, Viterbi Group, UPS Strategic Enterprise Fund, Mobius Venture Capital, and ARCH Ventures
Series E (2007): $19M backed by Viterbi Group, GF Private Equity Group, LLC, Polaris Partners, VentureTech Alliance, Mobius Venture Capital, ARCH Ventures, UPS Strategic Enterprise Fund, Madrona Venture Group, and Unilever Technology Ventures
Other Financing Round (2008): $14M with participation from Inventec Corporation, Samsung Ventures, YFY Group, and LS Industrial Systems
Debt (2010): $5.8M, investors not publicly disclosed
Other Financing Round (2012): $21M supported by Intel Corporation, Polaris Partners, AllianceBernstein L.P., ARCH Venture Partners, GF Private Equity Group, LLC, Mobius Venture Capital, and Madrona Venture Group
Stock Issuance/Offering (2016): $69.2M, investors not publicly disclosed
Stock Issuance/Offering (2016): $38.7M, investors not publicly disclosed
Debt (2019): $72.6M, investors not publicly disclosed
Key Investors in Impinj
Madrona Venture Group
Madrona Venture Group, established in 1995, is a venture capital firm with a focus on consumer internet, commercial software, and services, providing early-stage investment and support.
ARCH Ventures
ARCH Venture Partners is a venture capital firm that focuses on early-stage life sciences and advanced technology companies, often co-founding startups with scientists and entrepreneurs.
UPS Strategic Enterprise Fund
The UPS Strategic Enterprise Fund, part of United Parcel Service, Inc., invests in companies that align with UPS's logistics and transportation services, providing strategic capital and market access.
What's next for Impinj?
With a substantial history of capital raises, including significant debt financing and equity rounds, Impinj is well-positioned for continued expansion. The recent strategic investment signals a strong endorsement of the company's trajectory and its role in the burgeoning IoT market. This backing will likely fuel further research and development into advanced RAIN RFID technologies, expanding market reach, and potentially exploring strategic partnerships or acquisitions to solidify its leadership in item intelligence and connectivity solutions.
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