MoBeam is a company that is revolutionizing mobile commerce by leveraging innovative light-based communication technology to facilitate seamless POS interactions without the need to overhaul existing retail infrastructure. The company's patented technology overcomes the technical barriers that previously hindered mobile phones from communicating with laser scanners at checkout, thus enabling universal access at the point of sale. This breakthrough allows for the transmission of various barcode data, including coupons, gift cards, and tickets, at retailers worldwide, introducing new functionalities for existing mobile phone designs without necessitating alterations to retailer POS infrastructure.
Founded in 2010 and headquartered in Palo Alto, California, MoBeam received a noteworthy $6.20M Series B investment on October 27, 2015, with participation from Draper Athena and yet2Ventures.
This demonstrates a strong vote of confidence from esteemed investors and reflects the potential they see in MoBeam to significantly impact the mobile and telecom industries.
