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…
Mobile biometric voting startup Voatz has received $7 million in series-A funding from a group led by Medici Ventures and Techstars, with additional contributions from the Urban Innovation Fund and Oakhouse Partners. The money will be used to make Voatz more accessible, and to upgrade its security as it trials the platform in more jurisdictions.…
A UK FinTech startup is celebrating a big new funding round: Manchester-based Nivo brought in £2 million from GP Bullhound, the Angel CoFund, and EG Solutions CEO Elizabeth Gooch, and other investors. The startup only just launched in late 2018 as a spinoff from Barclays Bank, and specializes in secure instant messaging for financial services…
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…
B-Secur has received £4M in additional funding from a group of UK and Irish investors that includes Accelerated Digital Ventures (ADV) and Kernel Capital, both of which supported B-Secur’s previous funding round in 2017. The cardiac biometric company hopes to use the money to expand its business and secure new partnerships to capitalize on the success of…
“The investors are evidently excited about Pindrop’s enterprise security technology, which is designed to use a range of metrics to detect potential fraud in inbound calls, including metadata such as geolocation, background noise, and even voice recognition. “ Pindrop has brought in $90 million in its latest funding round, the company has announced. The round…
“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…
UK-based biometric access control specialist Biosite has attained some major new VC backing: Mobeus Equity Partners has invested £4 million in the company. Biosite specializes in the construction sector, offering a biometric access control system based on a fingerprint recognition algorithm designed especially for the kinds of worn-down fingerprints commonly seen among construction workers. The company…