Austin Business Journals: RF Code Inc. has received $6 million of a planned $12 million Series C round of financing.

Austin-based RF Code, which develops radio-frequency identification, or RFID, devices, received the capital from seven investors, according to a filing with the U.S. Securities and Exchange Commission.

RF Code was launched in Arizona in 1998.

In 2005, the company closed a $20 million Series A round of funding from Maryland-based QuestMark Partners and California-based Intel Capital coupled with Dallas-based angel investors Moshe Azoulay and Travis Hunt.

In late 2006, RF Code won an Innovator of the Year award at the Governor’s Celebration of Innovation in Arizona. The following year, it raised a $13 million Series B round of financing, enlisted a new senior management team, and moved to Austin.

At the time, CEO Mitch Medford said the company was poised to reach profitability by 2009.

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ABI Research: Asset Management for Automotive, Defense, Healthcare, and Transportation Vertical Markets Closed loop applications, including asset management and work in process tracking, have been part of the overall RFID market for more than five years. Recently active RFID vendors have faced some new competition from Wi-Fi-based location system providers. The asset management market has also received greater media attention and general interest over the past year. This study focuses on the market for active, rather than passive, tag systems. ABI Research analyzes the impact Wi-Fi vendors will have on the market, and explains the differences between active RFID and Wi-Fi systems. Both applications and vertical markets are discussed in this study. Quantitative market analysis is also provided: shipments are broken down by frequency and technology; revenues are also reported for tags, readers, software, and services.

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