According to VentureWire reports, the San Jose, California-based InSync Software - the provider of collaborative supply chain software applications for tracking assets-on-the-move - has secured a large part of the expected $4.7 million second round of funding.

Though the recently-raised funds may not appear to be very substantial at the first thought, it still is pretty notable in the wake of the fact that InSync already works with some big names like Motorola, Hewlett-Packard, Honeywell, and SAP.

InSync, which pioneered the enterprise-specific 'sense and respond' applications, enables companies to effectively extend their processes in the direction of tracking and tracing of assets, products, and inventory. The InSync team develops and sets up collaborative manufacturing, supply chain and eBusiness solutions - like Auto-ID (RFID, IR and barcode) and sensor-based systems - for some leading technology firms.

In its first funding round in 2006, InSync had raised $7.5 million from Intel Capital and Rustic Canyon Ventures. The new investment spells accelerated growth for InSync's singular "asset-on-the-move" software solutions.

Talking about InSync's future prospects after the first funding round, Michael Kim, Partner at Rustic Canyon Partners, had said: "InSync is well-positioned for continued growth by providing compelling solutions. InSync's customer traction validates their proven ability to measurably improve how companies and their trusted suppliers collaborate to manufacture and deliver complex products."