Intelleflex Raises $11.5M in Series A Funding
Intelleflex, a Santa Clara, CA.-based provider of on-demand data visibility solutions, has raised an additional $11.5m in Series A funding.
Investors include existing backers Arcapita Ventures and New Venture Partners.
The company intends to use the funds to expand sales and marketing and accelerate key vertical-market initiatives with strategic partners.
Intelleflex provides on-demand, data visibility solutions for cold chain and asset management. Its XC3 Extended Capability RFID products and technologies enable a range of solutions for perishable food and pharmaceutical temperature monitoring, asset tracking for construction and other remote worksites, vehicle/yard management, security and access control, and other applications.
These solutions are designed to deliver real-time monitoring that can help organizations reduce shrinkage or loss, more closely track and manage assets, reduce their cost of operations, and increase profitability.