Trigo Secures $12M in Funding

Brisbane, Calif.-based Trigo Technologies Inc., a provider of product information management software, today announced the completion of a $12 million Series C round of expansion.

Pequot Ventures, the direct investment arm of Pequot Capital Management Inc., led the investor lineup that includes Bessemer Venture Partners, Globespan Capital Partners, Mayfield, and Symphony Technology Group.

All prior venture investors joined Pequot in the round. In addition, Deborah Bernstein, a senior vice president at Pequot, has joined Trigo’s board of directors.

The deal makes Trigo the fourth RF ID company this month to receive funding. Unlike Trigo, however, the other three deals were Series A.

Last week, TrenStar Inc. announced pulling in $34 million, RFco Inc. raised $16.5 million and OATSystems Inc. received $11.5 million in funding.

Already cash flow positive and profitable, Trigo plans to use its new funds to accelerate the development of new products and expand its sales and marketing, efforts.

The company today employs more than 125 in North America, Europe and India.

Trigo, founded in 1999, has received more than $40 million inventure financing over its previous rounds, according to data from Thomson Venture Economics (publisher of PE Week).