November 05, 2006
RTLS Firm Gets Funding
Real-time location systems (RTLS) company Ekahau announced US$16M in financing earlier in the week. Only $12M is from Series B venture capital. The company's systems work over Wi-Fi networks. The funding would go towards the development of new products. [via RFID Update]
Earlier this year, Ekahau launched a 3G Wi-Fi tag for use in healthcare and other applications. The RTLS market is expected to grow past US$1.6B by 2010. RTLS systems fall into Wi-Fi-based and spectrum-based unlicensed categories. Common applications of RTLS systems are patient monitoring in hospitals and high-value asset tracking.
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