Omni-ID, a US-based supplier of industrial radio-frequency identification (RFID) tags, has raised $21m from a consortium including industrial conglomerate General Electric and electronic-paper maker YFY Group’s corporate venturing units.
Private equity firm Trillium International led the round, which also included Stonehenge Growth Equity Partners as well as GE Ventures and YFY. Ralph Taylor-Smith of GE Ventures and Bingyi Lin of YFY have joined Omni-ID’s board.
Taylor-Smith, who has recently joined GE Ventures from Battelle Ventures, said: “We are constantly on the lookout for companies with game-changing technology to drive the digital industrial era — we quickly identified Omni-ID as one of those companies. With their strong leadership role in their existing markets, technical expertise and market knowledge – they’ve developed a truly intuitive product in ProVIEW that simply addresses the issues plaguing manufacturers today because of static, un-trackable paper-based systems.”