New interest in Alien’s technology
Alien said in a news release Thursday that the funds will help the Morgan Hill company build shareholder confidence in the market for Radio Frequency Identification (RFID).
"Our goal has been to find strategic investors that not only bring funds, but also add other value to our business, and we have identified Ruizhang that meets these needs,” said Chang in the release. “We believe that this capital injection makes Alien one of the strongest pure-play RFID companies in the industry.”
John Smith, an electrical engineering professor at the University of California, Berkeley, launched Alien in 1994 and served as its chief executive until 1997, according to CrunchBase. The company has raised roughly $247 million since its inception.
The fresh capital arrives amid new interest in Alien’s technology and growing popularity of the Internet of Things, or Internet-enabled devices.