Kovio Raises $15M in Equity Financing
Kovio, Inc., a Milpitas, CA -based developer of semiconductor products using printed silicon electronics and thin-film technology, has raised $15m in a new equity financing.
The round was led by Tyco Retail Solutions, a unit of Tyco International and a global leader in retail solutions and services, with participation from existing investors Kleiner Perkins Caufield & Byers, DAG Ventures, Northgate Capital, Harris & Harris, Flagship Ventures and Pangaea Ventures.
The funding will enable Kovio to integrate its products with the offerings from Tyco Retail Solutions and introduce them to the market.
Led by CEO Amir Mashkoori, the company combines proprietary high-performance silicon inks with graphics printing technologies to print Kovio RF Barcodes on flexible substrates. Combined with NFC enabled mobile phones and devices, Kovio’s RF Barcodes enable the delivery of a new generation of mobile marketing and advertising solutions and allow brand owners and retailers to engage directly with consumers on their phones. They will be able to gain deeper product insight, take advantage of targeted promotions and offers, and be assured of a product’s safety and authenticity.
Kovio’s products have applications in several industries, including retail, healthcare, consumer electronics, transportation, manufacturing and energy.