Robert Bosch Venture Capital leads the round for Intrinsic-ID, a technology security company which was one of five companies acquired from Philips in 2008.

Bosch Group’s corporate venturing unit has helped Netherlands-based Intrinsic ID, a spin-off from Philips’ incubation programme in 2008, raise €5m ($6.7m).

Robert Bosch Venture Capital led the round on Wednesday last week, which was joined by venture firm Prime Ventures. Intrinsic-ID provides security for intellectual property and software.

Claus Schmidt, managing director of RBVC, said: "An increasingly connected world demands strict rules for authentication and protection against cloning, counterfeiting and tampering. We believe that Intrinsic-ID’s unique solution has the…