# Sirit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sirit

- Industry: Software
- Headquarters: St. Paul, US
- Website: www.sirit.com
- Total disclosed funding: $8M
- Latest round: Series B (Jan 20, 2004)
- Investors on record: 1

## About

Sirit Inc. specializes in RFID technology and data management solutions, providing innovative products that enhance operational efficiency and security across various sectors.Sirit Inc. develops advanced radio-frequency identification (RFID) technology solutions. The company was acquired by Federal Signal in March 2010 for an undisclosed amount. It is headquartered in St. Paul, US. JLA Ventures was a key investor during the company's Series B funding round, which raised USD 2.90 mn, the total amount raised to date. Sirit has completed 4 deals during its operational history.Sirit Inc. offers a range of RFID solutions designed to improve asset tracking, inventory management, and data collection across multiple industries. Their products ensure real-time visibility and enhance operational efficiency, catering to various sectors, including transportation, supply chain, and security.Sirit operates primarily through a subscription-based revenue model, providing clients with tailored RFID solutions. Revenue is generated through direct transactions, focusing on long-term partnerships with customers to ensure consistent service and support. The company has seen a growing demand for its services as industries increasingly adopt RFID technology to streamline operations.Sirit Inc. plans to introduce new RFID products and solutions aimed at expanding its market reach, particularly in North America and Europe, by the end of 2023. Recent funding from the Series B round will be strategically utilized to enhance product development, marketing efforts, and expansion into targeted geographic regions. Following its acquisition by Federal Signal, Sirit has focused on leveraging synergies to innovate and grow its service offerings.

## Funding rounds

- Series B, Jan 20, 2004, $2.9M — JLA Ventures
- Series B, Dec 30, 2003, $5.1M — JLA Ventures

## Investors

- JLA Ventures (https://capitalatlas.ai/funds/jla-ventures) — Series B