What Impinj does

Impinj, Inc. (NASDAQ: PI) is a Seattle-headquartered, publicly traded provider of RAIN RFID (passive UHF RFID) platform solutions, founded in 2000 and operating across the Americas, Europe, and Asia-Pacific with offices in the United States, China, France, Finland, and Brazil. The company pioneered the RAIN RFID standard in 2004, co-founded the RAIN Alliance, and has shipped over 150 billion cumulative endpoint ICs, connecting more than 85 billion items to the Internet of Things. Impinj's product architecture spans the full RAIN RFID stack: endpoint ICs (M800 series, M700 series, Monza R6/4QT/X-8K) that attach identifiers to items; reader ICs (E900, E700, E500, E300 series) embedded into partner devices; fixed readers (R700 series with Linux-based edge compute, Speedway, Gateways); and software services including the Impinj Authentication Service (cloud-based cryptographic product authentication), Speedway Connect, and ItemEncode. The proprietary Gen2X enhancement to the GS1 UHF Gen2 / ISO/IEC 18000-63 standard, AutoTune, AutoSet, Enduro bonding, and cryptographic authentication features constitute the technical differentiators.

Impinj's go-to-market combines enterprise field sales targeting named accounts such as Walmart, Inditex (Zara), Coca-Cola, Cisco, Volvo, Polaris, Faurecia, Adient, Heathrow Airport, and healthcare systems (Rady Children's, Hanmi Pharmaceutical, UT Medical Center) with an extensive Impinj Partner Network of tag/inlay manufacturers, reader builders, software providers, and system integrators reaching 115 countries. Revenue is generated predominantly through hardware sales of endpoint ICs and reader systems, with a growing software/services layer (Authentication Service) offering recurring cloud-based revenue. The Voyantic subsidiary (acquired April 2023) extends the platform into RFID testing and measurement for pharmaceutical supply chains.

The company's verticals span retail (largest by mindshare and mandate-driven adoption), supply chain and logistics, healthcare, manufacturing and automotive, airlines and airports, and hospitality. Reported scale metrics include FY2025 revenue of $361.1 million (down 1.4% YoY), Q1 2026 revenue of $74.3 million (flat YoY), record FY2025 adjusted EBITDA of $69.6 million, Q1 2026 record endpoint IC bookings, 251–500 employees, and a May 2026 market capitalization of approximately $4.56 billion. Management includes co-founder and CEO Chris Diorio and CFO Cary Baker, with Arthur L. Valdez, Jr. joining the board in October 2025 to support supply chain vertical expansion.

Name

Impinj

Legal name

Impinj, Inc.

Website

https://impinj.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

Impinj (NASDAQ: PI) is a publicly traded provider of end-to-end RAIN RFID platform solutions—including endpoint ICs, reader ICs, fixed readers, and software—serving enterprises across retail, healthcare, supply chain/logistics, manufacturing, and airlines/airports via direct sales and a global partner network spanning 115 countries.

Ownership category

akta.pro rank

Product category

RAIN RFID (IoT Connectivity Hardware and Software)

NAICS

Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Analog Front-End (AFE) ICs (Sensor/Medical/Industrial AFE) (HDAHAIAJ)

Keywords

• RAIN RFID solutions
• RFID endpoint ICs
• RFID reader ICs
• Fixed RFID readers
• IoT item tracking

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Endpoint ICs (Tag Chips): Sale of RAIN RFID endpoint ICs (tag chips) that attach to items providing unique identifiers. These are the core revenue driver, sold in high volumes to tag/inlay manufacturers who embed them in finished tags. Unit volumes grew 34% in 2024.
2. Reader ICs: Sale of reader ICs (chip sets) that provide foundation for designing devices with embedded RAIN RFID read/write capability. Sold to reader manufacturers and IoT device makers.
3. Readers: Sale of fixed RAIN RFID readers (R700 series, Speedway, Gateways) - smart edge devices that identify and locate connected things. Sold direct and through partners.
4. Software and Services: Impinj Authentication Service (cloud-based), Speedway Connect (on-reader software), ItemEncode (encoding software). Growing software revenue stream complementing hardware.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Impinj designs and sells a full-stack RAIN RFID (UHF passive RFID) platform that connects everyday items to the Internet of Things. Its portfolio includes endpoint ICs (tag chips) embedded in tags and inlays, reader ICs that power partner devices, fixed RAIN RFID readers and gateways, and supporting software such as the cloud-based Authentication Service, Speedway Connect on-reader software, and ItemEncode encoding software. Solutions are delivered primarily through a global partner network of tag manufacturers, reader makers, software providers, and system integrators serving enterprise customers.

Product overview

Impinj offers a comprehensive RAIN RFID platform providing end-to-end IoT connectivity solutions. The platform architecture consists of multiple integrated product families: endpoint ICs (tag chips including M800, M700, Monza R6, Monza 4QT, and Monza X-8K series) that attach to items providing unique identifiers; reader ICs (E900, E700, E500, E300, and legacy Indy series) that embed connectivity into partner devices; readers (R700 series, Speedway, and Gateways) that identify and locate connected things; and software/services (Authentication Service, Speedway Connect, ItemEncode). The platform is enhanced by Gen2X technology, an enhancement to the RAIN radio standard that improves performance and enables new use cases. The Impinj Authenticity Solution Engine provides cryptographic product authentication. The company has also acquired Voyantic (2023) for RFID testing and measurement capabilities. Together with its global partner ecosystem, Impinj delivers solutions across retail, healthcare, manufacturing, supply chain/logistics, hospitality, and airlines/airports industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Impinj M800 Series Endpoint ICs (M830, M850) Next-generation Gen2X RAIN RFID endpoint ICs designed for large-volume retail and supply chain applications. Provide low power consumption and unmatched readability for apparel, shoes, home goods, and other high-volume tagging use cases.
• Impinj M700 Series Endpoint ICs (M730, M750, M770, M775) Universal endpoint ICs suitable for tagging a wide range of items with high performance, fast inventory capability, and advanced features including product authentication (M775), high-speed inventory counting, loss prevention, and embedded tagging.
• Impinj M780 and M781 Extended Memory Endpoint ICs Endpoint ICs with extended memory capacity for storing item attribute data such as batch/lot numbers, dates, net weight, or use-by dates. Designed for pharmaceutical, food, automotive, and other applications needing extended item attribute storage.
• Impinj Monza R6 Series Endpoint ICs Versatile endpoint ICs optimized for diverse applications from retail to healthcare, hospitality to supply chain. Introduce AutoTune adaptive RF tuning, Integra memory diagnostics, and Enduro bonding pads for improved performance and tag reliability.
• Impinj Monza 4QT Endpoint ICs Endpoint ICs designed for complex applications in industrial manufacturing and supply chain industries, featuring large memory capacity, omnidirectional reading capability, and tag data protection options.
• Impinj Monza X-8K Endpoint ICs Specialty endpoint ICs for embedding in electronic devices, used for passive device management, intelligent fleet management, cold chain tracking, and IoT sensor applications. Features very large memory, multimodal communication capability, and battery-assisted power mode.
• Impinj E900 Series Reader ICs High-performance enterprise-grade reader ICs used in portals, gateways, conveyors, and warehouses. Feature industry-leading receive sensitivity for long read range, fast read rates, and support for next-generation RAIN tags.
• Impinj E700 Series Reader ICs High-performance reader ICs designed for handheld readers and fixed readers in shelves, cabinets, and conveyors, providing superior receive sensitivity for long read range and improved read rate. Powers the Bluebird RFR901 and Chainway C66 handheld readers used in authentication solutions.
• Impinj E500 Series Reader ICs Reader ICs designed for point-of-sale devices, mobile and wearable readers, smart appliances, and connected consumables. Provide medium read range with improved read rate and next-generation RAIN tag support.
• Impinj E300 Series Reader ICs Reader ICs designed for printers, point-of-sale devices, kiosks, and security and access management systems, providing good receive sensitivity for close read range.
• Impinj Indy Series Reader ICs (R2000, R500) Legacy Indy R2000 and R500 reader ICs that powered a wide range of RAIN RFID devices including handhelds, tablets, POS, access control, shelf readers, gateways, and fixed readers. Now in end-of-life process.
• Impinj R700 Series Fixed Readers Industry-leading performance fixed RAIN RFID readers designed for enterprise-grade IoT solution development. The latest R700 upgrade features a dual-core 1 GHz 64-bit ARM A53 processor running Linux 6.6 with twice the processing performance and three times the embedded application memory of previous models. Supports Gen2X and enables edge computing for autonomous reading solutions.
• Impinj Speedway Fixed Readers High-performance fixed RAIN RFID readers with the largest installed base of fixed readers across diverse applications. Delivers proven performance with different reader models (e.g., R420) to match solution specifications.
• Impinj Gateways Advanced antenna array readers (e.g., Xspan) that continuously identify items and their locations within large areas. Provide inventory accuracy for retailers, real-time asset location for healthcare, and supply chain visualization for logistics.
• Impinj Authentication Service Cloud-based authentication service that checks the authenticity of Impinj tag chips and verifies item data with partner or customer product databases. Provides secure API access for enterprise applications and is used together with the M775 tag chips and the Impinj Authenticity Solution Engine to prevent counterfeits and secure supply chains.
• Impinj Speedway Connect Software On-reader software that enables faster, simpler RAIN RFID deployments by allowing users to remotely configure an Impinj reader or gateway and quickly access RAIN RFID data.
• Impinj ItemEncode Software Encoding software that boosts speed and data quality of RAIN RFID encoding machines while lowering labor and operating costs.
• Impinj Gen2X Technology Platform Proprietary enhancement to the RAIN radio and logical layers that speeds inventory counts, increases tag read range, declutters environments, protects consumers, inhibits counterfeiting, and reduces solution cost. Sold/licensed to partners and embedded across the Impinj endpoint IC portfolio to solve previously unsolvable enterprise and consumer use cases.
• Impinj Authenticity Solution Engine Purpose-built cloud-based solution engine for large-scale product authentication. Cryptographically authenticates products using a challenge-response protocol with Impinj M775 tag chips to prevent counterfeits, ensure product safety, and secure supply chains. Integrates with partner solutions such as Avery Dennison's atma.io cloud platform and handheld readers from Bluebird and Chainway.
• Impinj Platform Comprehensive IoT connectivity platform that connects physical items to the cloud through edge devices using RAIN RFID. Bundles endpoint ICs, reader ICs, readers, software, and services that deliver enterprise-grade accuracy, reliability, and security for retail, healthcare, supply chain, and other industries.

Quantifiable outcome

• Inventory counting 25x faster than barcode scanning
• +5 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature10 records

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Alien Technology: Direct RAIN RFID competitor offering Higgs-series endpoint ICs and ALR-series readers; competes head-to-head with Impinj in tag chips and fixed readers across retail and supply-chain customers.
• Zebra Technologies: Major enterprise RFID hardware provider (fixed readers, handhelds) and Impinj ecosystem partner; competes at the reader level and through enterprise mobility solutions targeting the same retail and logistics buyers.
• Avery Dennison: World's largest tag/inlay manufacturer and a major Impinj customer (embeds M-series endpoint ICs); also a competitor in finished RFID labels via its Smartrac platform and atma.io cloud.
• FEIG Electronic: German manufacturer of RAIN RFID readers and antennas; competes with Impinj's R700 and Speedway lines, especially in European retail, logistics, and industrial automation deployments.
• CAEN RFID: Italy-based RAIN RFID reader and reader-module manufacturer; competes with Impinj E-series reader ICs and finished readers in industrial and library/research markets.
• ATID: Korean manufacturer of RAIN RFID handheld readers and fixed readers; competes with Impinj in Asia-Pacific retail, logistics, and asset-tracking deployments.

Broad incumbents

• Honeywell: Broad-line industrial and retail technology incumbent offering RFID-enabled scanners, mobile computers, and supply-chain software; overlaps with Impinj at the reader/solution layer as part of a much larger portfolio.
• NXP Semiconductors: Large semiconductor incumbent with strong positions in NFC, HF RFID, and UCODE UHF RFID ICs; competes with Impinj in adjacent RFID IC categories and could expand into Impinj's core RAIN space.
• STMicroelectronics: Diversified semiconductor manufacturer with NFC and RFID IC product lines; competes indirectly with Impinj's reader-IC and endpoint-IC businesses across industrial and IoT customers.
• Sensormatic Solutions (Johnson Controls): Retail-focused loss-prevention and inventory-visibility provider using RAIN RFID; comparable to Impinj at the retail solutions layer and a large-volume consumer of RAIN RFID infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/impinj
• LinkedInlinkedin.com/company/impinj

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds9 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Impinj