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March 26, 2012 04:37 pm GMT

NFC Software And Reader Developer ViVOtech Raises More Cash

vivotech-pictureViVOtech, the near field communication (NFC) software and systems company, has raised an additional amount of Series D funding, according to a news release issued today. The company said this is an internal round, but did not disclose the investors or the amount. To date, ViVOtech has raised $96 million from Singapores EDBI, SingTel Innov8, Motorola Solutions Venture Capital, Alloy Ventures, Citi Ventures (the venture arm of Citigroup), Draper Fisher Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR.Founded in 2001, ViVOtech develops payment software, NFC smart posters, contactless readers/writers, and over the air card provisioning, and transaction management infrastructure software. NFC allows devices to exchange data over short distances with a wave or a tap. The company's readers are found in big-name retailers and stores such as McDonalds, Home Depot and Whole Foods as well is in taxi cabs.

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