Intelleflex gets an engineering team from big chip maker and raises $8M

November 2, 2009

Silicon Valley has the rarest of things today: a silicon company with a new infusion of funding. Chip maker Maxim Integrated Products is spinning out one of its engineering teams into the chip startup Intelleflex in return for an equity stake. On top of that, Intelleflex has raised $8 million from New Enterprise Associates to make tiny radio chips.

Intelleflex is making radio frequency identification (RFID) chips, the tiny tags that aim to replace bar codes as product identifiers.Source: VentureBeat RSS Feed


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