GRENOBLE – Traceability solutions provider Primo1D has secured €15 million (US$17.3m) in funds which it’ll use to scale its RFID (radio frequency identification) tag technology.
The French outfit is keen to market its E-Thread solution to the broader fashion and textile industries, suggesting it can serve as a quick authentication mechanism for customers keen to combat counterfeiting.
"With this latest funding round, we are entering a phase of strong industrial growth to meet booming customer demand,” said Emmanuel Arène, CEO and founder of Primo1D. “By providing a non-intrusive digital ID in a miniaturized, unique form factor, our disruptive E-Thread technology transforms products into smart objects.”
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