Tyco Leads $15M Kovio Round
Milpitas, CA-based Kovio, which is developing silicon printing technologies that can be used to produce radio-readable barcodes for product tracking and retailing, said this week that it has obtained $15 million in new equity financing. Strategic investor Tyco Retail Solutions, a, division of Tyco International, led the round, which was joined by existing investors Kleiner Perkins Caufield & Byers, DAG Ventures, Northgate Capital, Harris & Harris, Flagship Ventures and Pangaea Ventures. “We are delighted to be partnering with Tyco to bring to market the world’s first commercially available products that leverage Kovio’s printed silicon capabilities,” Kovio CEO Amir Mashkoori said in a statement. The company says that consumers with smartphones carrying near-field-communications (NFC) technology will be able to wave their phones near products with Kovio tags and “gain deeper product insight, take advantage of targeted promotions and offers, and be assured of a product’s safety and authenticity.”
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