Silicon Valley-based biometrics developer Tascent Inc. has raised $18.5 million in venture capital through a Series A round of funding, the company has announced. The round was led by San Mateo-based Tano Capital.
Tascent’s roster of clients currently includes London Gatwick Airport and Dubai International Airport, as well “several high security facilities in the US,” according to a press release. “Over the past few years, biometrics has become a positive and impactful aspect of our daily lives,” explains CEO Dean Senner, adding that the company’s specialization in iris recognition, along with its expertise in face and fingerprint recognition, gives it an edge in the global market.
There are a number of other companies offering compelling solutions using these same modalities, but Senner is correct that biometric technologies are increasingly sought-after, and the fact that the company is already enjoying success in airport deployments and other government applications fits right in with the dominant trends propelling the industry.
Tascent currently has offices in the US, Singapore, and the UAE, and with its newfound funding, expansion is a strong possibility going forward.
September 17, 2015 – by Alex Perala