Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Kovio Raises $20 Million in Venture Capital to Ship RF Barcodes

Abstract:
Kovio, Inc., a privately held pioneer in printed silicon electronics, today announced that to date it has raised $20 million in Series E financing, all from its current investors. With this series of funding, Kovio plans to commence volume shipments of its Kovio RF Barcodes, a new category of barcode that leverages low cost and eco-friendly printed electronics to affordably and securely bring intelligence to everyday things - from transit tickets to consumer products.

Kovio Raises $20 Million in Venture Capital to Ship RF Barcodes

Milpitas, CA | Posted on July 14th, 2009

"The continued support of our world-class investor team validates the strength of Kovio's vision and the growing momentum behind bringing its RF Barcodes to market," said Amir Mashkoori, president and CEO, Kovio. "Our investors recognize that Kovio has immense potential, with an opportunity to serve a market of literally trillions of products. This round of funding will provide Kovio the capital required to reach its next significant milestone - volume shipments of the first printed RF Barcodes in the industry."

Kovio plans to bring together the online and physical worlds through RF Barcodes that are printed utilizing Kovio's proprietary silicon inks and high-performance graphics printing technologies. Kovio's RF Barcodes are designed to affordably and securely enable a wide range of digital information for everyday consumer products, including product details, direct access to Web sites, nutritional information or even promotional programs. The digital information that is enabled by Kovio RF Barcodes and accessed through ubiquitous mediums such as the mobile phone, creates new opportunities in promotions and authentication at the item-level, enabling a new communication medium for brands and retailers to interact with consumers at the point of sale.

Kovio investors who participated in the current round of financing include Bessemer Venture Partners, Duff Ackerman & Goodrich Ventures, Flagship Ventures, Harris & Harris Group, Jerusalem Venture Partners, Kleiner Perkins Caufield & Byers, Mitsui Ventures, Northgate Capital, Panasonic Venture Group, Pangaea Ventures, Pinnacle Ventures and Yasuda Enterprise Development.

"We are very excited about the Kovio opportunity," said Rob Chandra, partner, Bessemer Venture Partners. "Kovio is a company that is creating a new category of products with unique, protectable technology, and we believe the market they can enable is enormous. As a result, they fit our highly selective investment profile very well."

Kovio's printed silicon platform can also be applied to a range of other applications, including sensors and displays, expanding the company's potential market opportunity beyond RF barcodes. This financing announcement follows a series of recent company award wins, including the 2009 Red Herring 100 North America, the 2008 and 2009 IDTechEx Printed Electronics Awards for New Product Development, and the Silicon Valley/San Jose Business Journal 2008 Emerging Tech Special Judges' Award.

####

About Kovio
Kovio, Inc., a privately held Silicon Valley company, is developing a new category of semiconductor products using printed silicon electronics and thin-film technology. Kovio's approach delivers a unique and compelling value proposition in multiple industries, including retail, healthcare, consumer electronics, transportation, manufacturing and energy.

Kovio's investors are Kleiner Perkins Caufield & Byers, Bessemer Venture Partners, Duff Ackerman & Goodrich Ventures, Flagship Ventures, Harris & Harris Group, Jerusalem Venture Partners, Mitsui Ventures, Northgate Capital, Panasonic Venture Group, Pangaea Ventures, Pinnacle Ventures, Toppan Forms and Yasuda Enterprise Development.

About Bessemer Venture Partners

Bessemer Venture Partners (www.bvp.com) is a global investment group with offices in Silicon Valley, Boston, New York, Bangalore, Mumbai, Beijing and Tel Aviv. As the oldest venture capital practice in the United States, BVP has partnered as an active, hands-on investor in Ciena, Ingersoll Rand, Parametric, Skype, Staples, VeriSign and W.R. Grace, among many others. More than 100 BVP-funded startups have gone public on exchanges in Canada, India, London and the United States.

For more information, please click here

Contacts:
Press Contact:
Lori Tokunaga
The Hoffman Agency for Kovio
(408) 975-3053

Copyright © PRnewswire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Creation of 'Rocker' protein opens way for new smart molecules in medicine, other fields December 18th, 2014

How does enzymatic pretreatment affect the nanostructure and reaction space of lignocellulosic biomass? December 18th, 2014

Silicon Valley-Based Foresight Valuation Launches STR-IPô, a New Initiative for Startups to Discover the Value of Their Intellectual Property December 18th, 2014

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

Investments/IPO's/Splits

Pixelligent Closes $5.5 Million in Funding: Capital Will Be Used to Support Global Customer Growth December 12th, 2014

Nanometrics Announces Upcoming Investor Events November 19th, 2014

Eight19 secures £1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014

Arrowhead to Present at Upcoming Conferences November 15th, 2014

Sensors

Promising new method for rapidly screening cancer drugs: UMass Amherst researchers invent fast, accurate new nanoparticle-based sensor system December 15th, 2014

Graphene Applied in Production of Recyclable Electrodes December 13th, 2014

Detecting gases wirelessly and cheaply: New sensor can transmit information on hazardous chemicals or food spoilage to a smartphone December 8th, 2014

Nanosensor to Detect Naproxen Drug Produced in Iran December 6th, 2014

Announcements

Creation of 'Rocker' protein opens way for new smart molecules in medicine, other fields December 18th, 2014

How does enzymatic pretreatment affect the nanostructure and reaction space of lignocellulosic biomass? December 18th, 2014

Silicon Valley-Based Foresight Valuation Launches STR-IPô, a New Initiative for Startups to Discover the Value of Their Intellectual Property December 18th, 2014

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE