ThingMagic closes on $9.5 million in funding

ThingMagic Inc., a Cambridge developer of radio-frequency identification, or RFID, technology, said it has secured an additional $9.5 million in funding.

The funding is from existing investors, ThingMagic said. Existing investors with local ties included Tudor Ventures and .406 Ventures, both with offices in Boston, and Morningside Technology Ventures, which has an office in Newton.

In a statement, Larry Begley, cofounder and managing director of .406 Ventures, said: “ThingMagic has witnessed substantial demand across a wide range of industries and applications for its embedded RFID module product line. This, coupled with their leadership position in RFID supply chain applications, underscores the company’s market opportunity and makes ThingMagic a compelling investment.”
(By Chris Reidy, Globe staff)