FindBiometrics
Global Identity Management
Secret Double Octopus has secured $15 million in Series B funding. The company plans to use the funds to continue to develop its passwordless authentication technology for the enterprise. The Secret Double Octopus solution turns an employee’s phone into a physical security token to prevent unauthorized users from gaining access to the system. It also […]
Mastercard has further solidified its relationship with Trust Stamp after formally making a strategic investment in the company. Based out of the Georgia Institute of Technology, Trust Stamp went through Mastercard’s Start Path accelerator back in 2018, and later collaborated with Mastercard on an AI-based authentication solution that does not rely on Personally Identifiable Information. […]
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 […]
Spain-based biometric authentication specialist FacePhi has received some significant financial backing from Nice & Green, a Swiss investment firm that offers investment capital to small and medium-sized listed companies. The latter has committed to delivering capital valued at 4 million euros through September of 2020. The backing will come in the form of warrants valued […]
Yoti has secured £8 million in new equity investment in the company’s third successful funding round since its debut in 2017. The new funds will be invested in product development and expansion as the company searches for new partners. “Over the past few years we have invested about £65 million to develop our privacy-preserving identity […]
“We are well positioned to capitalize on the global trend towards utilizing biometric authentication for enterprise security and productivity.” CIBC Innovation Banking is backing Invixium to the tune of $3.5 million in debt financing, giving the Ontario-based biometric security startup an infusion of capital that will be used to fuel growth in the coming years. […]
The biometrics industry is perhaps one of the most active markets in the world, with a constant stream of activity pertaining to strategic alliances, technological integrations, product launches, and more. And this momentum can sometimes be seen on the highest level of corporate activity – mergers, acquisitions, executive appointments, and corporate restructuring. There has been […]
“[AU10TIX] has established itself as a KYC and customer onboarding solutions provider in the areas of financial services, travel, transportation, and gaming. Alternative asset firm TPG has taken a big stake in AU10TIX, investing $60 million in the latter’s holding company, ABC Technologies B.V. Based in Cyprus, AU10TIX specializes in customer onboarding and KYC automation […]
“We appreciate the continued support of our existing investors and are delighted to welcome new investors who share our vision. We are starting the process of preparing the Company for an uplisting to a national exchange in due course, which we believe will be in the best interests of the Company and stockholders.” – Philip […]
Hong Kong-based AI specialist Megvii has raised $750 million through its latest funding round, the company has announced. The news comes after Megvii raised $600 million in an investment round last year, and amid speculation that the company is planning an IPO. It’s now valued at a little over $4 billion. The announcement also comes […]
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