MoBeam Banks $5 Million for Mobile Barcode Technology

Cupertino, Calif.-based MoBeam has raised $4.9 million in capital to solve the problem of most point-of-sale systems at retail not being able to read a barcode displayed on a mobile phone screen. Investors in the round include Yet2Ventures, Samsung Ventures and Mitsui.


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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