baimos technologies Raises Funding

Published On August 5, 2011 |

baimos technologies, a Garching bei München, Germany-based provider of mobile security solutions based on proprietary access management system, has raised an undisclosed amount of funding.

Investors include existing backers High-Tech Gründerfonds and Bayern Kapital and automotive supplier Marquardt.

The company intends to use the funds to increase marketing and sales activities for the product lines BlueID Access and BlueID Login, as well as to launch BlueID Drive.

Developed along with Marquardt, BlueID Drive provides the possibility to send access permissions and driver authorizations to mobile phones. In turn, cars can be opened and started by mobile phone. It is designed to provide car rental companies and the carsharing market with potential for increasing efficiency and process optimization.

Customers include, among others, Daimler, Sixt and LMU München.

FinSMEs

05/08/2011

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