AeroScout, a Redwood City, Calif.-based provider of products that leverage standard Wi-Fi networks to track and manage the location, condition and status of mobile assets and people, has secured $16m in venture financing.
The round was led by new investor Evergreen Venture Partners, with participation from all of existing investors – Cisco, Greylock Partners, Intel Capital, Menlo Ventures, Pitango Venture Capital and Star Ventures.
The company intends to use the proceeds for market expansion, including sales and marketing growth, and to continue broadening and enhancing its solutions, which use Wi-Fi-based Active RFID, sensors, RTLS and other technologies to provide complete wireless asset tracking and monitoring.
Customers include organizations across targeted industries, including healthcare, manufacturing, logistics and transportation.
AeroScout also operates offices in Europe, the Middle East, Asia, Australia and Latin America.