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]