04 April 2012 Security specialist gets €5m funding to expand deployment Security specialist Intrinsic-ID has received €5million in a new funding round led by Robert Bosch Venture Capital and existing investor Prime Ventures. "We are proud to welcome RBVC as one of our investors", said Pim Tuyls, Intrinsic-ID's ceo. "With its support, we are excited to move our company 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 range of companies and incorporated products ranging from set top boxes to government applications. "An increasingly connected world demands strict rules for authentication and protection against cloning, counterfeiting and tampering," said Dr Claus Schmidt, RBVC's managing director. "We believe Intrinsic-ID's solution has the characteristics of becoming a key technology for the 'Internet of Things' and is therefore of great strategic importance." Author Graham Pitcher Comment on this article Websites http://www.intrinsic-id.com This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.