• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

AU10TIX Gets $20M More in VC Funding

December 4, 2019

AU10TIX Gets $20M More in VC Funding

Customer onboarding and KYC specialist AU10TIX has brought in $20 million in VC funding. The investment comes by way of Fund Oak HC/FT, and has been poured into ABC Technologies B.V., AU10TIX’s parent company.

In announcing the funding, AU10TIX emphasized the growth in the identity and document verification market in which it specializes, suggesting that the investment will further enable it to distinguish itself in this sector. AU10TIX’s portfolio includes technologies like document reading and facial recognition, which can be used to enable remote identity verification with a selfie from the end user.

Elaborating further on the company’s growth plans, AU10TIX CEO Ron Atzmon said his firm “has established itself as a leader in global customer onboarding and forensic level identity authentication, and is distinguishing itself through advanced machine learning, talent acquisition, and global expansion through new investments and an unmatched customer base.”

Fund Oak HC/FT appears to share that enthusiasm, with partner Matt Streisfeld lauding AU10TIX for its success in delivering strong security solutions to enterprise customers. “AU10TIX’s end-to-end solution is transforming the way Fortune 500 companies across industries verify and authenticate their users,” he said. “We are thrilled to partner with AU10TIX as their vision leads the industry forward and the company continues its significant momentum.”

The new funding arrives after AU10TIX announced that TPG had invested $60 million in ABC Technologies B.V. this past summer.

–

December 4, 2019 – by Alex Perala

Related News

  • TPG Takes $60M Stake in AU10TIXTPG Takes $60M Stake in AU10TIX
  • iProov Gets $70M VC Investment From Silicon Valley’s SumeruiProov Gets $70M VC Investment From Silicon Valley’s Sumeru
  • Onfido Names Silicon Valley Vet as Chief Marketing OfficerOnfido Names Silicon Valley Vet as Chief Marketing Officer
  • Trulioo Becomes Tech Unicorn After $394M Series DTrulioo Becomes Tech Unicorn After $394M Series D
  • Socure Releases New Biometric Onboarding SolutionSocure Releases New Biometric Onboarding Solution
  • Swiss Investment Firm Commits to €4M in Backing for FacePhiSwiss Investment Firm Commits to €4M in Backing for FacePhi

Filed Under: News Tagged With: AU10TIX, Biometric, biometrics, corporate news, document reading, identity verification, investment capital, investments, selfie onboarding, VC funding, venture capital

Primary Sidebar

Join Us For Our Next Virtual Event:

Travel & Hospitality Biometrics Online Summit
Register now!

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

cmitech logo

CMITech is a leading provider of high performance, cost effective iris recognition systems. The company is setting the industry standard for advanced user interfaces that are fast, intuitive and effortless. Serving enrollment and authentication solutions of all sizes, CMITech systems include binoculars-type, wall mount, desktop, and kiosk-type product configurations.

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Domino’s Stranger Things App Gives Customers ‘Telekinetic Powers’ Using Biometrics
  • Innovatrics and Blaize Bring Facial Recognition to the Edge
  • SecuGen Introduces New FAP 30 Fingerprint Sensor
  • The Tech Bubble Is Bursting. VCs Are Nervous. What Does That Mean for Biometrics?
  • Canadian Government Asks Court to Dismiss Privacy Lawsuit Against National Police Force

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics