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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald