The Security Solution of Intrinsic-ID Gained Investment

Published:2012/4/9 3:17:00 Author:Li xiao na From:SeekIC

A funding led by Robert Bosch Venture Capital GmbH and joined by existing investor Prime Ventures has invested 5 million euro to Intrinsic-ID NV. It is a vendor of hardware-derived security technology. As a spin-off from Koninklijke Philips Electronics NV, this firm was established in 2008.

This funding has invested the money to Intrinsic-ID, because they believe that its unique solution has the characteristics of becoming a key technology for the Internet of Things and that it is therefore of great strategic importance.

The hardware intrinsic security of Intrinsic-ID applies unique characteristics particular to each IC to derive encryption keys. The name of this technology is Physical Unclonable Function which enables a device to create a secret key only when needed and power down with no key present. This technology can be used to avoid cloning, tampering, theft-of-service and reverse engineering and has been licensed to companies that incorporate the technology in Smart and SIM Cards, automotive and embedded processors, set-top boxes, pay-TV, networking, communications, FPGAs and government applications. It is suited to all modern technology nodes and is scalable with silicon area.

With rapid expansion of sales, support and engineering teams, this investment will be used to scale Intrinsic-ID’s deployment to the mobile payment and cloud services markets.

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