RFID Global Solution, Inc., a Reston, VA- and Palo Alto, CA-based provider of real time asset visibility solutions for the data center and enterprise asset tracking markets, has closed $2.5m in private equity and angel funding.
The round was led by WWC Capital, with participation from all existing angel investors and the management team.
The company intends to use the funds to accelerate product development and hire new professionals.
In conjunction with the funding, Jonathan Wallace, Partner, WWC Capital, has joined RFID Global’s Board of Directors.
Led by President and CEO Diana Hage, the company has developed and provides Visi-Trac™ software, which is designed to help data center and operations managers locate and secure assets in real-time, optimizing inventory, asset management and assembly processes.