New investor Evergreen Venture Partners led the round, and all of AeroScout’s existing investors, namely Cisco, Greylock Partners, Intel Capital, Menlo Ventures, Pitango Venture Capital and Star Ventures, participated in the round.
AeroScout says the capital will be used for product development, sales and marketing.
With more than 600 customers worldwide, AeroScout provides RTLS solutions to a variety of industries, including healthcare, manufacturing, logistics and transportation. Organizations use AeroScout solutions to gain real-time visibility into the location, status and condition of mobile assets and people in order to improve operational efficiency (see case studies).
The key part of the solution: AeroScout customers are able to leverage their existing Wi-Fi infrastructures instead of deploying and maintaining separate proprietary networks for their RTLS implementations.
AeroScout touts its invention of the world’s first Wi-Fi-based Active RFID tag, and is widely recognized as leading the market in number of deployments and tags shipped.
Headquartered in Redwood City, California, AeroScout also boasts offices in Europe, the Middle East, Asia, Australia and Latin America.