Cardiac Biometrics Specialist Gets £3.5 million in Funding

“B-Secur’s authentication technology is based on ECG measurements, allowing for user identification based on heartbeat biometrics.”

Ireland-based cardiac biometrics specialist B-Secur has raised £3.5 million in funding from a syndicate of investors including Kernel Capital and Accelerated Digital Ventures (ADV), the company has announced.Cardiac Biometrics Specialist Gets £3.5 million in Funding

The support puts some big backing behind B-Secur. Kernel Capital’s Bank of Ireland Kernel Capital Growth Funds is supported by the Bank of Ireland, Invest NI, and New York State Common Retirement Fund; and ADV is backed by British Business Bank, Woodford Investment Management, and Legal & General.

In a statement announcing the new financing, Kernel Capital Partner Jayne Brady lauded B-Secur for its “strong management and technical team”, adding, “We believe B-Secur will play a significant role in the global development of next generation security systems as the company gains market share in financial services, access control and beyond.”

B-Secur’s authentication technology is based on ECG measurements, allowing for user identification based on heartbeat biometrics. It won the company a Dot IE Net Visionary Award in the category of Best Innovation in Financial Services last year.

July 25, 2017 – by Alex Perala