WASHINGTON STATE

"We really think this thing can be big,"

Johnson & Johnson Development Corp. and its Massachusetts-based subsidiary, DePuy Spine, are the principal investors in this financing round for Archus.

"Demand is so high that we still have not been able to meet it with our current facility,"

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Pure Networks and thePlatform have raised substantial capital to expand their businesses in two hot consumer areas.

"It was very interesting. A lot was going on,"

The company’s Cosmopolis pulp mill is scheduled to close some time in 2006, displacing 245 workers. Gov. Christine Gregoire, legislators and local leaders are trying to find a buyer.

"It’s a testament that there’s better entrepreneurs and better companies and better angels more willing to make investments."

Total financing in the privately held company now stands at more than $70 million. Investors include Mayfield, Mohr Davidow Ventures, Integral Capital Partners, Second Avenue Partners and others.

Instead of manually scanning barcodes, as retailers do today, the technology allows a pallet of boxes bearing RFID chips to pass through a warehouse reader to instantly reveal content information.

The bet is paying off.