EyeVerify raises capital, announces availability for banking, financial services sector

May 15, 2013 - 

EyeVerify has announced the availability of its solution for the banking and financial services sector, which it says allows firms to secure their employees’ access to corporate systems and can allow enterprise customers the ability to make large transactions.

“We are impressed by the desire of firms in the banking and financial services industry to replace complex, vulnerable pin and password schemes with a safe, simple, secure alternative,” Toby Rush, CEO and founder of EyeVerify said. “Since the recent releases of our Android and iOS apps and SDKs to more than two dozen beta and pilot program applicants, we’ve been very pleased with their reaction and plans to implement.”

The company has also announced that it has closed its Series A financing round of $2.3 million last week. Participants in this round included returning investors, Think Big Ventures and Nebraska Angels, plus new investors, including Mid America Angels.

“We are excited about the traction that EyeVerify has with security-minded market segments, especially banking and financial services,” Herb Sih, managing partner at Think Big Ventures said. “Meeting this market demand for near term pilots and subsequent commercial programs is one of the primary reasons that Think Big is participating in the EyeVerify Series A.”

Thirdly, the company has also announced that it has received a Notive of Allowance from the U.S. Patent and Trademark Office for its fourth patent. According to the company, this patent covers EyeVerify’s technology for the quality metrics and feature set that enable its matching system.

The company’s CEO, Toby Rush, as well as Chriss Barnett, EVP global sales & marketing, will be speaking and meeting with finance sector partners this week at Finovate Spring 2013 in San Francisco.

Reported previously, the company also recently announced another Notice of Allowance – this time, for its spoof detection technology.

 

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About Adam Vrankulj

Adam Vrankulj is an editor for BiometricUpdate.com. His background consists of online news writing, editing and content marketing. Adam has written for CBCNews.ca, BlogTO and was the editor and curator for the nextMEDIA and CIX Source publications. He has a degree in journalism and is passionate about science, technology and social innovation. Contact Adam, or follow him at @adamvrankulj