Monday, April 14, 2008
Mojix Unveils RFID Product, Company
Los Angeles-based Mojix said this morning that the firm has launched the firm, and unveiled a new set of RFID systems focused on the supply chain management and asset tracking market. The firm, which is venture backed by Oak Investment Partners, Red Rock Ventures and InnoCal Venture Capital, said that its RFID products use digital signal processing technology to radically improve RFID sensitivity, read range, and coverage area of RFID systems. The company said that its RFID technology is based on advances developed by former NASA/JPL scientists for use in deep space communications. The company's system, Mojix STAR, is available now. As part of the launch, Mojix said that it has inked a strategic partnership agreement with RFID systems integrator Xterprise labs, which will be offering applications that use the Mojix product. The firm has raised $22.5M in venture funding, and was founded in 2004.