September 4, 2013 -
Swiss-based facial and speaker recognition startup KeyLemon has just closed a Series A round of funding totaling $1.5 million.
The investment – the company’s first external funding — was co-led by Debiopharm Investment and Swisscom Ventures.
“The support from our investors validates our vision of enhancing the authentication process to increase security and make such process easier for our users,” Gilles Flores, CEO of KeyLemon said.
According to the company, KeyLemon plans to use the money to fund its growth and development strategies. Currently, the company offers both embedded and cloud-based solutions, and has partnerships with blue chip technology companies.
As we reported previously in BiometricUpdate.com, Fujitsu inked a partnership with KeyLemon last year to put the company’s technology in a new line of desktop PCs.
KeyLemon is a spin-off of the Idiap Research Institute and sells its technology as a kit to OEMs, chip vendors and ISP providers, as well as offering its cloud-based authentication platform.