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Power Law company profile

AeroScout

Aviation · Redwood City, United States · Founded 1999

AeroScout, Inc., founded in 1999 by Yuval Bar-Gil, established itself as a provider of real-time location systems (RTLS) before its acquisition by Stanley Black & Decker's Stanley Healthcare Solutions division in June 2012 for approximately $238.8 million. Initially based in Rehovot, Israel, the company focused on developing Wi-Fi-based active RFID technology to track and manage assets and personnel. Prior to the acquisition, AeroScout had secured $37 million in funding from investors including Menlo Ventures, Evergreen Venture Partners, and Intel Capital. The company's core business revolves around its Enterprise Visibility Solutions, which utilize standard Wi-Fi networks to monitor the location, condition, and status of mobile assets and people in real-time. This technology serves a broad range of industries, including healthcare, manufacturing, mining, logistics, and automotive. The business model is centered on selling a suite of hardware and software products. Its offerings include Wi-Fi-based active RFID tags, a central software engine for location determination, and the MobileView software platform, a web-based application for managing assets and generating alerts. This integrated system allows clients to improve operational efficiency, automate processes, and enhance safety and security. AeroScout's product line is extensive, featuring various tags like the T2s Wi-Fi Tag for patient and staff tracking and the T12 bi-directional tag for medical equipment. These tags communicate over standard Wi-Fi, eliminating the need for a proprietary network. The flagship MobileView software platform provides a unified interface for various RTLS applications, such as asset management, environmental and temperature monitoring, patient flow, and staff safety. For example, the AeroScout Links solution offers cloud-based temperature monitoring for pharmacies and labs to ensure compliance and prevent product loss. A key achievement was inventing the first Wi-Fi-based Active RFID tag, which set a new standard in the RTLS market. Keywords: real-time location systems, RTLS, asset tracking, Wi-Fi RFID, healthcare visibility, Stanley Healthcare, active RFID, asset management, patient flow, environmental monitoring, staff safety, supply chain management, operational efficiency, location-based services, MobileView, enterprise visibility, industrial tracking, condition monitoring, workforce safety, sensor networks