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Intrinsic-ID Closes new Round with Robert Bosch Venture Capital and Prime Ventures
- BEDRIJF LEVERT SECURITY TECHNOLOGIE VOOR DE INTERNET OF THINGS (Persbericht)
17-04-2012 - Expansiefinanciering
Intrinsic-ID announced that it has received EUR 5 million (USD 6.7 million) in new funding. The round was led by Robert Bosch Venture Capital GmbH (RBVC) and joined by existing investor Prime Ventures.
“We are proud to welcome RBVC, which is part of the Bosch Group – a leading global supplier of technology and services in the areas of automotive and industrial technology, consumer goods, and building technology – as one of our investors”, said Pim Tuyls, CEO at Intrinsic-ID. “We are excited to move our company also with their support to the next level of mass scale deployment of our security IP in large new markets of mobile payments and cloud services by a rapid expansion of our sales, support and engineering teams.”
Intrinsic-ID’s technology has been licensed to a wide range of companies that incorporate the technology in Smart and SIM Cards, Automotive and Embedded Processors, Set-Top Boxes, Pay-TV, Networking & Communications, FPGA and Government applications. Intrinsic-ID’s security IP excels by ease-of-integration in a standard manufacturing flow. It is available in all modern technology nodes and is scalable with small silicon area and/or SW footprint.
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