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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There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google