Impinj Buys Intel Carve-Out

Impinj Inc purchased the RFID business of Intel Corp for an undisclosed amount, paid entirely in equity. The operation, which develops silicon for chip readers, will be renamed Indy R1000. Impinj is backed by an initial investment from California Institute of Technology, and venture money from Arch Venture Partners, GF Private Equity Group, Madrona Venture Group, Mobius Venture Capital, Polaris Venture Partners, Samsung Ventures America, Unilever Technology Ventures, UPS Strategic Enterprise Fund, VentureTech Alliance, Viterbi Group and YFY Group. Company Web site