Omni-ID, a Rochester, NY-based global supplier of industrial RFID tags and visual tagging systems, raised $21m in funding.
Backers included Trillium International, GE Ventures, Stonehenge Growth Equity Partners and YFY group. In conjunction withe the investment, Brian Model of Stonehenge Growth Equity Partners, Ralph Taylor-Smith of GE Ventures, Bingyi Lin of YFY group and George Daddis of Omni-ID joined Omni-ID’s board of directors.
The company intends to use the funds to expand its global presence and product portfolio.
Led by George E. Daddis, Jr. PhD, CEO, Omni-ID has developed patented technologies for on-metal and visual tagging to enable the use of the Internet of Things in applications to improve asset tracking, supply chain management and work-in-process.
The company, which supplies tags and systems to the Manufacturing & Logistics, Energy, IT Assets and Tool Tracking industries, will be opening new offices in Germany and India.