The Creation of the #InternetofThings ! #iot #technology #investing #entrepreneur #tech #startup #vc
impinj CEO Chris Diorio sits down with Madrona's Tim Porter and Patrick Ennis to talk about creating a category (RFID) and soΒ ...
Co-Founder, Vice Chairman & Chief Executive Officer, Impinj
Search every verified Chris Diorio interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Chris Diorio, co-founder and CEO of Impinj, has been discussing the company's role in the development of RFID technology and the Internet of Things. In a November 2024 podcast, Diorio said that "any transformative technology takes time β a long time; it doesn't happen overnight" and that the "fail fast" mantra "does not work when you're inventing a new category." He noted that Impinj initially had to create a wireless standard and secure spectrum before it could fulfill Walmart's demand for pallet and case tracking. Diorio stated that the company has sold more than 100 billion chips and described Impinj as "the most pervasive technology that nobody's ever heard of." Diorio has also publicly challenged the RFID research community to develop an open, decentralized system for item-to-owner resolution, arguing that current numbering systems point to the manufacturer rather than the item's owner. He said the industry has built "a bunch of mini intranets of things" and called for a "DNS-like infrastructure" to link physical items to their digital twins in the cloud. In a separate 2019 campaign announcement, Diorio declared his candidacy for the Board of Selectmen in Whitman, Massachusetts, citing concerns about fiscal management and what he described as the embrace of "bigotry, racial bias, ethnic biases and religious intolerance" by some local officials.
“As I look back now I can truly say any transformative technology takes time β a long time; it doesn't happen overnight.”
“The plan we initially had didn't materialize, so we focused on a new one and made it work.”
“As is so often the case, thus the Internet of Things was born.”
“The 'fail fast' mantra works for disruptive approaches to existing problems where the foundation's already built β fail fast does not work when you're inventing a new category.”
“We make miniature radio chips smaller than a grain of sand β about the equivalent in length to 50 bacteria β and with those radio chips enterprises can track their items and get inventory in stores.”
“We've sold more than 100 billion chips to date; the industry has been growing at a 29% unit volume CAGR since 2010 and we're probably about 0.5% penetrated into the opportunity β the total opportunity is of the order of 10 trillion chips a year.”
“We're the most pervasive technology that nobody's ever heard of.”
“When Walmart announced tracking pallets and cases it was fantastic β except we didn't have spectrum, we didn't have a wireless standard and we didn't have products; we had to create a standard (ratified in 2005) and work with regulators like the FCC to get spectrum allocated.”
“We learned early that we needed to work with large enterprises β Delta, Walmart, Macy's, Marks & Spencer, the Department of Defense β because they could retool operations and supply chains to use what we were bringing to market.”
“We chose TSMC early on because, after doing technology evaluations, they had by far the best technology; we've had a partnership with TSMC ever since, including their investment and long-term manufacturing relationship.”
“Going public in 2016 opened the window to the financial markets; as we executed we had access to more capital which allowed us to accelerate our trajectory and put more distance between us and competitors.”
“Our first quarter results were strong with revenue and profitability exceeding our guidance. Already strong fourth quarter 2020 bookings became even stronger in first quarter 2021, setting another quarterly record high. Demand, record bookings and terrific progress on our retail loss prevention engine highlight underly...”
“We do not expect endpoint IC revenue to grow in the second quarter despite 2021 orders already exceeding total unit shift in 2020. We plan to moderate our inventory burn down at least for the next two quarters to stretch our IP supply through 2021. In so doing we recognize our product shipments will not satisfy custome...”
“Our best estimate of the total retail apparel market opportunity worldwide is about 200 billion units. We have judged that down to about 80 billion based on what we think is the servable market. We continue to believe that total available market opportunity on the retail side for us is about 80 billion units that's fro...”
“Our industry delivered more than 20 billion units last year. RFID touches the fabric of everybody's life. It's in state department issued IDs, it's in retail apparel items, it's in pharmaceuticals, it's associated with food delivery. It goes on aviation baggage, it goes on automotive parts. It's the fabric of the suppl...”
impinj CEO Chris Diorio sits down with Madrona's Tim Porter and Patrick Ennis to talk about creating a category (RFID) and soΒ ...
In this episode of Founded & Funded, Madrona Managing Director Tim Porter and Venture Partner Patrick Ennis host Chris Diorio,Β ...
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Dr. Diorio, the CEO and Founder of Impinj has a long and successful history working on RFID. We asked him "What limits theΒ ...
Technology already radically changed shopping, with the transformational nature of e-commerce. But now the physical and digitalΒ ...
This presentation was given at Carver Mead Celebration Symposium: In Honor of Carver's 80th Birthday event held at Caltech's Beckman Institute Auditorium on August 8, 2014, in Pasadena, CA, USA. Produced in association with Caltech Academic Media Technologies. Β© 2014 California Institute of Technology
Radio-Frequency Identification (RFID) is poised to replace bar-codes as the primary means of tracking and inventorying palletsΒ ...
Chris Diorio, Impinj's chairman, co-founder and CTO, accepts the 2011 RFID Journal Award for Special Achievement, for hisΒ ...
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