Precyse Technologies, an Atlanta, GA-based provider of real-time location and supply-chain visibility solutions based on active RFID technologies, has closed its $11m second round of financing.
The funding, which was provided by a Georgia-based private investor group, will be used to to expand the company’s operations into new markets.
Following the closing, the company appointed Russ Chandler to Chairman of its Board of Directors.
Precyse allows the global adoption of asset networks and the ” Internet of Things” with innovative solutions, which are ideal for customers in a variety of vertical markets such as manufacturing, defense, retail, healthcare and other organizations that cannot afford to lose their things. It offers real-time visibility into the location and status of assets while providing the ability to manage and control those assets.