Intrinsic ID is a privately held company and a spin-out of Royal Philips Electronics
Shares in Intrinsic ID are held by:
- Prime Ventures
- Robert Bosch Venture Capital GmbH
- Intrinsic ID staff
On April 4, 2012, Intrinsic ID announced that it has received EUR 5 million (USD 6.7 million) in new funding. The round was led by Robert Bosch Venture Capital GmbH and joined by existing investor Prime Ventures.
Robert Bosch Venture Capital GmbH
“An increasingly connected world demands strict rules for authentication and protection against cloning, counterfeiting and tampering,” explains Dr. Claus Schmidt, Managing Director of Robert Bosch Venture Capital GmbH.
“We believe that Intrinsic ID’s unique solution has the characteristics of becoming a key technology for the Internet of Things and that it is therefore of great strategic importance. Intrinsic ID offers compelling and proven security solutions to a growing customer base and we are looking forward to providing our support to a highly promising venture,” he adds.
“Since its spin-out from Philips by Prime Ventures in 2008, we are pleased to see that Intrinsic ID established itself as the leader in security applications based on its patented Hardware Intrinsic Security™ technology.
As we see continued strong growth with existing customers as well as new growth opportunities within the mobile services space, we are happy to give substantial follow-up to our initial investment,” observes Sake Bosch, Managing Partner of Prime Ventures.