investment

BIO-key CEO to Present at Imperial Capital Security Investor Conference

BIO-key CEO to Present at Imperial Capital Security Investor Conference

“We are grateful to Imperial for inviting us to participate at the conference over the past several years as we’ve found it to be a great platform to expand awareness of BIO-key’s secure solutions and extend our strategic relationships.”- Mike DePasquale, CEO, BIO-key BIO-key CEO, Mike DePasquale, will deliver a presentation at the 15th annual Imperial…

Veridium Brings in $16.5M in Series B Funding Round

Veridium Brings in $16.5M in Series B Funding Round

“Organizations continue to see the benefits of biometric authentication, including simplifying and securing the login process and identifying with precision who you are dealing with.” – Michael Powell Veridium has just closed a series-B funding round that brought in $16.5 million, the company has announced. The round was led by Michael Spencer, a high-profile investment…

BIO-key Aims for Nasdaq Uplisting with Latest Stock Efforts, Closes $1M Private Placement

BIO-key Aims for Nasdaq Uplisting with Latest Stock Efforts, Closes $1M Private Placement

BIO-key is gaining ground in its effort to get up-listed to the Nasdaq through two funding initiatives. The fingerprint biometrics solutions provider has secured approximately one million dollars through a common stock sale to a current investor and board member, at a value of $3.60 per share. Meanwhile, BIO-key has also established a $5 million Common…

Zwipe Raises $4.3 Million with Private Placement

Zwipe Raises $4.3 Million with Private Placement

Norway-based fingerprint biometrics specialist Zwipe has raised NOK 36.5 million, or roughly $4.3 million USD, from a new private placement. The company says the new shares went to both existing and new investors, including former Fingerprint Cards CEO Jörgen Lantto, who joined Zwipe’s Board of Directors last November. In a statement announcing the new capital, Zwipe…

JENETRIC Enters Third Funding Round, Prepares US Expansion

JENETRIC Enters Third Funding Round, Prepares US Expansion

“The funds should help JENETRIC to establish a US subsidiary in the year to come…” Germany-based fingerprint biometrics company JENETRIC is getting ready to enter a third round of funding, the company has announced. To plan this round, the company teamed up with VENTRADA Corporate Finance GmbH. Echoing its last funding round a year ago,…

Zwipe Establishes Joint Venture With Hi-Tech Investment Group

Zwipe Establishes Joint Venture With Hi-Tech Investment Group

Norway-based fingerprint biometrics company Zwipe has announced a new joint venture with China’s Kuang-Chi Group. Kuang-Chi is a Shenzhen-based consortium that invests in high-tech startups and small companies on the cusp of commercialization. It has just announced its second Global Community of Innovation (GCI), which is aimed at investing up to $250 million in such companies…

$4M Equipment to Boost NEXT’s Flexible Sensor Production

$4M Equipment to Boost NEXT’s Flexible Sensor Production

NEXT Biometrics has acquired some powerful new production equipment. The company has announced that it was acquired a high capacity coating machine and a precision laser cutter, representing a $4 million investment. They’re part of the company’s push to get its flexible fingerprint sensors to market, with the laser cutter enabling the company to produce…

BIO-key CEO to Present at Two Investor Conferences

BIO-key CEO to Present at Two Investor Conferences

BIO-key CEO Mike DePasquale will deliver presentations on his company in two upcoming investor conferences. The first is SeeThruEquity, organized by its eponymous microcap equity research provider with the aim of connecting investors with innovative companies. The conference will take place in New York City on May 31st. The next is SeeThruEquity’s partner event, the 2016…

CMITech Series B Financing Round Brings in $2.1M

CMITech Series B Financing Round Brings in $2.1M

Iris biometrics solutions provider CMITech has raised $2.1 million in a Series B round of financing. The round saw contributions from Magellan Technology Investment of Seoul, Industrial Bank of Korea Capital, and SBI Investment Korea, whose Daniel An joined CMITech’s Board of Directors. In a statement announcing the new financing, the company indicated that the…

Jenetric Enters Second Round of Financing

Jenetric Enters Second Round of Financing

Germany-based fingerprint biometrics company Jenetric GmbH is entering a second round of investment financing. High-Tech Gründerfonds (HTGF) and bm | t, the Free State of Thuringia’s holding company, are returning for the round, having previously invested. The companies’ leaders are evidently excited about Jenetric’s LiveTouch quattro technology; in a statement announcing their participation, bm | t…

Vision-Box Gets Keensight Capital Backing

Vision-Box Gets Keensight Capital Backing

Automated border control (ABC) specialist Vision-Box has a major new financial backer: Keensight Capital has acquired a minority stake in the company. In a press release, Vision-Box asserted that the investment is meant “to accompany the exponential growth that the company has been facing since 2013.” And indeed, the market for Vision-Box’s solutions seems to…

BIO-key Secures $8.4m Investment Deal

BIO-key Secures $8.4m Investment Deal

Fingerprint biometrics technology company BIO-key has raised $8.4 million through a major new investment deal, the company has announced. The deal entails the issuance of Series A-1 Convertible Preferred Stock to a Hong Kong investor specializing in security technologies. As part of the deal, the investor will appoint one member to the company’s board of directors,…

Major Investment Firm Seeks Purchase of 2M Shares in NEXT Biometrics

Major Investment Firm Seeks Purchase of 2M Shares in NEXT Biometrics

Norway-based NEXT Biometrics is working on a huge investment deal, and expects success. The company has attracted the interest of Greenbridge Partners, a major Swedish investment firm run by Melker Schorling and Ola Rollen. According to Reuters, the two investors already have investment interests in related areas. Schorling’s own firm, Melker Schorling AB, owns shares in…

Prominent Investment Firm Buys $37 Million in IDEX Stock

Prominent Investment Firm Buys $37 Million in IDEX Stock

IDEX ASA has received a substantial investment from a prominent investment fund management firm, the company has announced. Woodford Investment Management has bought NOK 297 million ($37 million USD) in IDEX shares. The investment gives Woodford a substantial stake in the company, as it now holds 11.2 percent of IDEX’s stock. It’s a sign of…