Austin microchip maker raises $2.1M financing round

Sep 11, 2014
Austin Business Journal

RFMicron Inc. reported raising $2.1 million of a planned $2.5 million financing

The Austin-based company collected the capital from six investors, according to a Tuesday filing with the U.S. Securities and Exchange Commission

RFMicron, which was founded in 2006, joined the Austin Technology Incubator in 2007. It develops radio frequency identifier, or RFID, microchips for item-level tracking applications

The company is also a two-time Texas Emerging Technology Fund grant recipient. RFMicron collected a $675,000 in ETF funding in 2009 and $250,000 in 2008

In 2011, RFMicron raised about $1.6 million of a planned $1.8 million funding from five unnamed investors, according to SEC filings

CEO Shahriar Rokhsaz previously worked on the technical staff of California-based Xilinx Inc. after it acquired in 2000 another one of his previous companies, Minneapolis-based RocketChips Inc. He was also an adjunct professor at the University of Texas, according to his online profile

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