May 31, 2016 -
Israeli startup ContinUse Biometrics has received a million dollar strategic investment from global security systems company Tyco.
According to a report in Globes, the investment will allow ContinUse Biometrics to further develop its technology and embed it into a range of solutions for Tyco’s clients around the world.
According to the company’s website, ContinUse Biometrics has developed a contactless biometric sensor platform that can continuously monitor physiological state from a distance of up to several hundred meters. The sensor has the ability to monitor at a distance a wide range of bio parameters, including heart and respiratory rate, blood flow dynamics and muscle activity. The capability of monitoring a diverse spectrum of bio parameters opens up doors to a large number of markets and applications including identification and authentication, bio-competence monitoring and healthcare.
The ContinUse solution utilizes patented methods for nano-level detection and analysis of vibrations associated with movement of internal organs and of molecules. The data can be used to authenticate a person’s identity for applications such as access control or operational supervision of work attendance, sensitive facilities and more.
ContinUse Biometrics joined the first cycle of Tyco’s technology commercialization program in Israel six months ago. The program is meant to help companies with breakthrough technologies achieve global sales through Tyco’s existing sales channels.
“Israel has positioned itself as a hub of security and IoT technologies for smart environment,” said Tyco Innovation CEO Eli Gurevich. “As a result, we have witnessed significant growth of Tyco’s activity in Israel over the past year, from the launch of the commercialization program, through the establishment of an investment arm and making our first strategic investment here. This is a vote of confidence in ContinUse Biometrics and its ability to disrupt the status quo in its category.”
Other investors in ContinUse Biometrics to date include the investment arm of Lenovo and Olive Tree Venture Fund.