Intrinsic-ID closes EUR 5 million round of financing with robert bosch venture
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. It is available in all modern technology nodes and is scalable with small silicon area and/or SW footprint.
“An increasingly connected world demands strict rules for authentication and protection against cloning, counterfeiting and tampering,” explains Dr. Claus Schmidt, Managing Director of RBVC. “We believe that Intrinsic-ID’s unique solution has the characteristics of becoming a key technology for the Internet of Things and that it is therefore of great strategic importance. Intrinsic-ID offers compelling and proven security solutions to a growing customer base and we are looking forward to providing our support to a highly promising venture,” he adds.
“Since its spin-out from Philips by Prime Ventures in 2008, we are pleased to see that Intrinsic-ID established itself as the leader in security applications based on its patented Hardware Intrinsic Security (HIS) technology. As we see continued strong growth with existing customers as well as new growth opportunities within the mobile services space, we are happy to give substantial follow-up to our initial investment,” observes Sake Bosch, Managing Partner of Prime Ventures.
Visit Intrinsic-ID at www.intrinsic-id.com
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