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NFC, which stands for near field communications, will be all the rage before this decade is out. Being able to pay for things by simply hovering your mobile phone over a sensor, get more detailed information about an object by just waving your phone in front of it and exchanging contact information by just touching two phones together are only some of the useful scenarios we can expect to experiencing on a daily basis once there is an NFC chip inside every device just like todays ubiquitous camera feature. Motorola joined Nokia along with Sofinnova Partners, Vertex Management, Vertex Ventures, Siparex, GIMV, EuroUS Venture, Granite Global Ventures and Visa Ventures and HID Global in a $37 million round C series of funding in a company called INSIDE Contactless.”This investment will allow Inside to expand and accelerate the development of our product lines, and create the conditions for a worldwide success in rollout of NFC,” commented Remy de Tonnac, chief executive of Inside Contactless.
[Via: EE Times]
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
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Stefan Constantinescu
