Wednesday, July 25, 2007

SkyeTek Scores $10M Series C

Westminster, Colorado-based SkyeTek is announcing today that it has raised $10M in a Series C funding round. The venture round was led by Grotech Capital Group, and also includes participation by TD Fund, Appian Ventures, Sequel Venture Partners, and Palomar Ventures. SkyeTek said that the funding will go towards expanding the firm's sales coverage, product development, and patent portfolio. SkyeTek develops RFID readers used for asset tracking, inventory management, and other uses. More information »