INSIDE Contactless (Aix en Provence, France) announced yesterday (15/12/05) the closing of a € 9 million ($10.6 million) D round (following the 1996 A round of Alta Berkeley, the 1998 B round of GIMV and 3i, and the 1999 C round of Siparex, Vertex and NIF) led by three new investors: Sofinnova, Vertex Venture Capital (Israel) and Visa International. Prior round investors GIMV, Vertex Singapore and Siparex have also participated.
While at the standard level Bluetooth is moving toward NFC and UWB compatibility, it will be interesting to watch the game between Bluetooth software vendors like Baracoda and pure player on the NFC like INSIDE Contactless.
INSIDE Contactless is a provider of semiconductor chips (memory and microprocessor) and hardware platforms (couplers and readers) related to 13.56 Mhz contactless technology. Delivering cost-effective, reliable and secure technology for both contactless cards and readers, INSIDE provides high performance, open standard solutions for Payment, ID and Access Control. Headquartered in France with a global presence in China, Singapore and the US, INSIDE's worldwide customer portfolio includes providing MicroPass chips for Visa's contactless payment initiative and serving as the exclusive provider of smart card reader technology for HID's iCLASS access control solution.