Alien abducts $66m, promises big return

July 28, 2005 — Alien Technology, a Morgan Hill, Calif., provider of radio frequency identification (RFID) products made using its proprietary fluidic self assembly process, announced the completion of a $66 million Series H round of financing.

SunBridge Partners led the round. Existing investors Advanced Equities, Digital Bandwidth, Equitek Capital, Lago Ventures and Miami Valley Venture Fund also participated, according to a news release. The round brings the total capital invested in Alien to more than $200 million.

The financing provides the company with capital to expand and pursue new market opportunities. “The success of this latest round of financing underscores investor interest in the RFID arena and reinforces Alien’s ongoing market and technology leadership,” said Stav Prodromou, chief executive officer, in a prepared statement.

Prodromou said the company would continue to invest in new high-volume manufacturing capabilities, advanced product development and expanded customer solution services and facilities. He said that included activities like acquisitions that are intended to broaden market reach.

Alien recently purchased Quatrotec, an integration services and project management firm focused on commercial aviation and other transportation markets. The acquisition was intended to help Alien expand in the baggage tag and reader market.


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