• MoBeam

  Led · Series B · Oct 2015

  Mobeam develops patented light-based beaming technology that enables POS laser scanners to read barcodes displayed on smartphone screens. The technology lets mobile wallets and payment apps carry barcoded loyalty cards, membership cards, gift cards, tickets, vouchers and digital coupons that are readable at retail checkouts. The platform currently operates with almost 300 million Samsung phones. The company intends to use the funds for a large-scale rollout of its technology for mobile wallets, mobile payments, digital couponing and barcode-based scanning applications in other industries and for growth in multiple international markets. Mobeam plans to launch integrations with several major mobile wallet companies in the coming months and is in talks with manufacturers to expand the technology to additional smartphone brands, models and chipset manufacturers. The company is led by CEO George Garrick and is based in Palo Alto, CA. It raised $6.2M in a Series B financing to support these plans. Mobeam develops a patented light-based communications (LBC) technology that uses mobile handset LEDs to transform on-screen barcodes into beams readable by standard laser scanners. The product addresses the inability of common scanners to read typical handset screens and enables mobile couponing and other point-of-sale interactions. The company announced a pilot mobile couponing program with Procter & Gamble, demonstrating a near-term commercial use case. Mobeam says it will use the new funding to establish LBC as an industry standard and to advance business development with major retail and consumer brands. Financially, the company added $1.5M to its Series A and had previously raised $4.9M in October 2011. Mobeam is based in San Francisco. Mobeam has developed patented light-based communications technology that enables mobile phones and tablets to be read by traditional retail laser scanners. Its LED-based system transforms on-screen barcodes into a beam of light that existing scanners can read. The technology can also simultaneously display 2D images and initiate NFC transmission, enabling richer mobile commerce interactions. Mobeam plans to use the new capital to establish its technology as an industry standard and to work with consumer and retail brands on mobile couponing, ticketing and other mobile commerce initiatives. The company announced a $4.9 million Series A financing from strategic investors. Founded in 2010 as a spin-off from Ecrio, Mobeam is headquartered in Cupertino, California.

No current team members are available.