B-Secur has received £4M in additional funding from a group of UK and Irish investors that includes Accelerated Digital Ventures (ADV) and Kernel Capital, both of which supported B-Secur’s previous funding round in 2017. The cardiac biometric company hopes to use the money to expand its business and secure new partnerships to capitalize on the success of the HeartKey monitor that was unveiled at CES 2019.
“We’re backing B-Secur for the second time because we truly believe in the product vision and the team,” said ADV Investment Lead Tong Gu. “B-Secur’s HeartKey software enables any equipment manufacturer to achieve near medical grade heart monitoring and tracking capability coupled with unique authentication.”
HeartKey uses cardiac biometrics to authenticate technology users, and offers the health tracking benefits you’d expect from a medical-grade heartrate monitor. With this latest round of funding, B-Secur is hoping to find partners that will embed its solution in a range of everyday technologies, with a particular focus on wearable devices, fitness trackers, and motor vehicles.
The funds will also allow B-Secur to expand its team and open new offices in San Francisco.
The company plans to forge new partnerships with semiconductor manufacturers while solidifying its relationships with existing partners like Cypress Semiconductor and ADI.
“Securing further investment at this critical stage recognizes our rapid development over the past 18 months and the market relevance of B-Secur’s technology,” concluded B-Secur CEO Alan Foreman. “It’s a strong indicator of B-Secur’s growth potential on a global scale.”
March 7, 2019 – by Eric Weiss