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…
“In a statement announcing the capital raise, ImageWare said it would use the net proceeds for general corporate purposes.’” ImageWare has raised about $5.0 million through a share offering, the company has announced. It was a direct offering of 4,545,455 shares of common stock that saw subscriptions from institutional investors, at a price of $1.10…
Wales-based fingerprint biometrics startup Touch Biometrix has received £2 million in funding from UK-based Deepbridge Capital, a VC firm focused on the technology, life sciences, and renewable energy sectors. In announcing the investment, Touch Biometrix indicated that it follows seed funding of £150,000 provided last year. The company says it will help to fuel the…
“With this new funding, we can protect more businesses, in more countries—and in more ways—from the effects of fraud,” – Husayn Kassai, CEO, Onfido Onfido has raised $50 million in its latest round of investor funding, led by SBI Investment and Salesforce Ventures. Other contributors to the round included M12 (formerly Microsoft Ventures), FinVC, and…
StoneLock is off to a solid start in 2019. The Kansas-based access management startup has announced that it has received $2.82 million in funding from undisclosed angel investors in a deal that was formally closed on March 7th. As a provider of biometric access control, StoneLock primarily focuses on Near-Infrared (NIR) facial recognition technology, delivering…
“The Deep Glint investment is valued at $5 million, and reflects a broader trend as the automotive sector increasingly embraces AI and biometric technologies. “ Hyundai Mobis has taken a big stake in China-based computer vision specialist Deep Glint, signalling the growing importance of AI and biometrics in the automotive sector. Deep Glint specializes in…
AIStorm has landed $13.2 million in Series A funding to develop a next-generation semiconductor for future IoT devices. The new semiconductor will reportedly allow users to process analog sensor data more quickly and at a fraction of the current cost. According to AIStorm, the challenge is that raw data needs to be converted to a…
IDEX Biometrics has completed a $25 million USD private placement, the company has announced. The NOK 214 million deal entailed the sale of 53,437,500 shares to existing shareholders including Invesco, Woodford Investment Management, and members of the company’s management team and board of directors. In a statement announcing the private placement, IDEX asserted that it…
“The market for biometric technologies is expected to grow rapidly over the next few years and CLEAR is uniquely positioned to be the leader in using this technology to help consumers to access experiences beyond the airport more quickly and safely,” – Ted Leonsis, Co-founder and Partner, Revolution Growth CLEAR is planning for growth, with…
“Much of the excitement can be attributed to a broader buzz over the emergence of fingerprint-scanning payment cards, an area in which Zwipe has established a solid footing ahead of large-scale rollouts.” Zwipe‘s big share offering last week proved to be a great success, the company reports. The fingerprint biometrics specialist had announced that it…
“The management of Sodexo Ventures were evidently intrigued by AEYE-GO’s automated checkout kiosk technology, which is designed to use both facial and object recognition to identify individuals in a cafeteria and the items on their food trays.” AEYE-GO has become the latest China-based AI firm to receive venture capital funding, which has arrived from Sodexo…
Xiaozhu, an Airbnb-like service based in China, has announced that it has brought in $300 million in its latest financing round, and will use part of the capital influx to develop smart home technology, which could involve biometrics. The funding round was led by Advantech Capital and Yunfeng Capital, a venture capital firm backed by…