Xerafy Secures $5M Series A Funding To Fuel Growth And Accelerate Innovation
/EINPresswire.com/ Industry leader in rugged passive RFID tags gets a jump-start for its aggressive growth strategy
Xerafy Ltd, a global provider of rugged passive RFID tags, announced today that it has secured a $5M Series A Funding from IPV Capital, to fuel its growth and business expansion, which will include the penetration of new key markets and expansion of its product offerings to customers.
Founded in 2010, Xerafy has established itself as one of the most innovative RFID tag companies in the world, serving many customers in Fortune 500 companies in industries such as Aerospace, Oil and Gas, Manufacturing, Healthcare, Military and Defense. Xerafy has been credited with many firsts in the area of RFID innovation, including the world's smallest on-metal RFID tag for small tools and surgical instrument tracking, the first ATEX-certified metal embeddable tags for extreme RFID applications as well as the first Metal SkinTM flexible inlay to provide customers a cost effective option for tracking metallic assets globally.
Xerafy's string of industry awards includes the prestigious "2011 Frost & Sullivan Global Product Innovation Award" for its embeddable RFID solutions, the "2011 Red Herring Global Top 100 Technology award" which recognizes Xerafy as one of the top private technological startup companies, as well as China's "RFID World Top10 Most Innovative New RFID Products for 2011".
"Our products are proven, we are expanding our team, and sales growth is strong. We are honored that IPV Capital supports our vision to bring a global wave of adoption for RFID in industries beyond retail." said Dennis Khoo, CEO of Xerafy. "The funding will allow Xerafy to keep accelerating in size and speed and support our new manufacturing plant in Nantong, China."
"We believe Xerafy's unique RFID tag approach to the read-on metal market provides an unparalleled edge compared to what's currently available out there," said Terence Tan, Managing Director of IPV Capital. "Their embedded tag solution fulfills the original vision of RFID and the advent of the 'Internet of Things'. Likewise Xerafy's breakthrough Metal Skin label form factor is what the market needs for rapid mass adoption."
For additional information, please contact info@xerafy.com or visit www.xerafy.com.
About Xerafy
Xerafy is committed to bringing customers the world's smallest and most durable passive UHF RFID-on-metal and RFID-in-metal tags qualified and tested to meet extreme conditions over the lifetime of an asset. Xerafy's innovative packaging technology offers the automotive manufacturing, aerospace, energy, IT and construction market affordable, durable, high temperature smart tags that can be easily be attached to or embedded in metal assets. With these tags, customers can achieve automatic tool check in/out, MRO, WIP, process control and logistics. Xerafy is headquartered in Hong Kong and maintains sales and support offices in Dallas, Texas, Washington, DC and Shanghai, China. www.xerafy.com.
About IPV Capital
IPV Capital is a China-based venture capital firm that brings Silicon Valley management expertise and China market knowhow to technology companies with the potential to succeed in both the Chinese and global markets. With offices in Beijing, Shanghai and Silicon Valley, the firm invests in high-growth businesses in software, clean technologies and semiconductors. IPV Capital's partners aim to leverage their management and technology development experience to mentor a new generation of Chinese entrepreneurs with global aspirations, who offer investors consistent financial growth through disruptive technologies, and a clear competitive advantage. The IPV Capital team's track record in successful company building and investment in China makes them uniquely qualified to manage the challenges of China's complex business environment. For more information, see: www.ipvcap.com
Kelly Stark
Xerafy
+1-214-228-7882
http://www.xerafy.com
PR Courtesy of Online PR Media
Xerafy Ltd, a global provider of rugged passive RFID tags, announced today that it has secured a $5M Series A Funding from IPV Capital, to fuel its growth and business expansion, which will include the penetration of new key markets and expansion of its product offerings to customers.
Founded in 2010, Xerafy has established itself as one of the most innovative RFID tag companies in the world, serving many customers in Fortune 500 companies in industries such as Aerospace, Oil and Gas, Manufacturing, Healthcare, Military and Defense. Xerafy has been credited with many firsts in the area of RFID innovation, including the world's smallest on-metal RFID tag for small tools and surgical instrument tracking, the first ATEX-certified metal embeddable tags for extreme RFID applications as well as the first Metal SkinTM flexible inlay to provide customers a cost effective option for tracking metallic assets globally.
Xerafy's string of industry awards includes the prestigious "2011 Frost & Sullivan Global Product Innovation Award" for its embeddable RFID solutions, the "2011 Red Herring Global Top 100 Technology award" which recognizes Xerafy as one of the top private technological startup companies, as well as China's "RFID World Top10 Most Innovative New RFID Products for 2011".
"Our products are proven, we are expanding our team, and sales growth is strong. We are honored that IPV Capital supports our vision to bring a global wave of adoption for RFID in industries beyond retail." said Dennis Khoo, CEO of Xerafy. "The funding will allow Xerafy to keep accelerating in size and speed and support our new manufacturing plant in Nantong, China."
"We believe Xerafy's unique RFID tag approach to the read-on metal market provides an unparalleled edge compared to what's currently available out there," said Terence Tan, Managing Director of IPV Capital. "Their embedded tag solution fulfills the original vision of RFID and the advent of the 'Internet of Things'. Likewise Xerafy's breakthrough Metal Skin label form factor is what the market needs for rapid mass adoption."
For additional information, please contact info@xerafy.com or visit www.xerafy.com.
About Xerafy
Xerafy is committed to bringing customers the world's smallest and most durable passive UHF RFID-on-metal and RFID-in-metal tags qualified and tested to meet extreme conditions over the lifetime of an asset. Xerafy's innovative packaging technology offers the automotive manufacturing, aerospace, energy, IT and construction market affordable, durable, high temperature smart tags that can be easily be attached to or embedded in metal assets. With these tags, customers can achieve automatic tool check in/out, MRO, WIP, process control and logistics. Xerafy is headquartered in Hong Kong and maintains sales and support offices in Dallas, Texas, Washington, DC and Shanghai, China. www.xerafy.com.
About IPV Capital
IPV Capital is a China-based venture capital firm that brings Silicon Valley management expertise and China market knowhow to technology companies with the potential to succeed in both the Chinese and global markets. With offices in Beijing, Shanghai and Silicon Valley, the firm invests in high-growth businesses in software, clean technologies and semiconductors. IPV Capital's partners aim to leverage their management and technology development experience to mentor a new generation of Chinese entrepreneurs with global aspirations, who offer investors consistent financial growth through disruptive technologies, and a clear competitive advantage. The IPV Capital team's track record in successful company building and investment in China makes them uniquely qualified to manage the challenges of China's complex business environment. For more information, see: www.ipvcap.com
Kelly Stark
Xerafy
+1-214-228-7882
http://www.xerafy.com
PR Courtesy of Online PR Media
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