ThingMagic
Latest round
- Series A
Last raised
- Sep 2005
Total raised
- $10M
Investors
- 4
About ThingMagic
ThingMagic, Inc.Founded in 2000 in Cambridge, US, ThingMagic, Inc. develops RFID technology solutions aimed at improving asset tracking and management. The company was acquired by Trimble Navigation Limited in October 2010, although specific financial terms of the transaction have not been disclosed.ThingMagic specializes in RFID technology solutions designed for various industries, including healthcare and retail. Their offerings include advanced RFID modules that enhance inventory management and operational automation, enabling businesses to track and manage assets efficiently.ThingMagic generates revenue primarily through B2B transactions, focusing on direct sales of their RFID technology solutions to healthcare providers and retailers. Their business model includes partnerships with original equipment manufacturers (OEMs) for technology integration, and pricing models are customized to meet client needs, often combining software subscription services with hardware sales.50 mn to develop new RFID product lines that are anticipated to launch by the end of 2023. The company is also focusing on expanding its market presence into Asia and Europe to capitalize on the growing demand for RFID technology in those regions. The recent acquisition by Trimble Navigation Limited in October 2010 positions ThingMagic to utilize additional resources for facilitating this expansion and enhancing product development initiatives.
Who invested in ThingMagic
4 investors across 1 round
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Funding rounds
Series A
Sep 1, 2005
Amount
$10M
Investors
Questions about ThingMagic
Who invested in ThingMagic?
ThingMagic has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ThingMagic raised?
ThingMagic has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did ThingMagic last raise money?
ThingMagic's most recent round on record is a Series A, in Sep 2005.
What does ThingMagic do?
ThingMagic is a media company.
Where is ThingMagic headquartered?
ThingMagic is headquartered in Cambridge, US.
Which VCs invest in companies like ThingMagic?
Among active investors with capital left to deploy, Founders Fund, Accel, Thrive Capital and Kleiner Perkins back media companies at ThingMagic's stage. Their profiles are linked below.
VCs backing media startups at Series A
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