AeroScout Raises $16 Million From VCs

Redwood City, Calif.-based AeroScout, which develops real-time location technology, has raised $16 million in venture funding. New investor Evergreen Venture Partners led the round, with participation from existing investors Cisco, Greylock Partners, Intel Capital, Menlo Ventures, Pitango Venture Capital and Star Ventures. The new money will help AeroScout expand its technology and adoption of its Wi-Fi-based RFID products.

North AmericaUSBriefs