Tabbedout Picks Up First Round Totaling $5.75 Million

Tabbedout, which aims to create a way to pay your restaurant bill on a smartphone rather than hand over your credit card, has raised $3.7 million in additional funding from New Enterprise Associates. The company’s first round now totals $5.75 million. Its payment platform is now being used in bars and restaurants in 20 states. The Austin, Texas-based company also announced MICROS, a point of sale vendor, will embed the software in its equipment.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik