# Element ID

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/element-id

- Industry: Semiconductors
- Headquarters: Bethlehem, US
- Website: www.element-id.com
- Latest round: Seed (Feb 1, 2010)
- Investors on record: 1

## About

Element ID, Inc. is a technology company specializing in data capture and management solutions, focusing on RFID technology and barcode systems to enhance operational efficiency across various industries.Founded by Anatoly Marchenko, Element ID, Inc. is headquartered in Bethlehem, US. The company provides data capture solutions, integrating RFID technology for businesses. In January 2012, Element ID raised USD 0.05 mn from Ben Franklin Technology Partners, marking its most recent funding round. Notably, the company has completed a total of 4 deals to date.Element ID specializes in providing a comprehensive range of data capture and management solutions, emphasizing RFID technology and barcode systems. Their core product offerings include fixed RFID readers, barcode scanners, handheld devices, printers, printer applicators, scales, and dimensioners, aimed at improving operational efficiency in warehousing, manufacturing, and food and beverage sectors. The company integrates these devices with clients' existing ERP systems, enabling real-time data access and tackling challenges related to inventory management, traceability, and operational costs.Element ID generates revenue primarily through the sale of its hardware products, software solutions, and tailored integration services. The company engages in B2B transactions, with clients purchasing fixed RFID readers and barcode scanners, along with associated software for seamless ERP integration. Their pricing structure is based on specific solutions required, which includes potential subscription models for software support and updates. Element ID's flagship offerings include custom-designed turnkey RFID solutions and enhanced barcode scanner software, which collectively aim to improve operational efficiencies for their clients.Element ID plans to utilize the recent funding of USD 0.05 mn raised in January 2012 to support future growth initiatives. These include the development of new products in data capture technology and expansion into international markets, particularly targeting Europe and Asia by 2024.

## Funding rounds

- Seed, Feb 1, 2010 — Ben Franklin Technology Partners
- Seed, Feb 1, 2009 — Ben Franklin Technology Partners
- Seed, Feb 1, 2008 — Ben Franklin Technology Partners

## Investors

- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Seed