Integrated Biometrics closes $2M equity financing round

December 5, 2017 - 

Integrated Biometrics has closed a $2 million equity financing round.

According to a company statement, the funds will support the company’s global growth, including increased production of its line of FBI-certified biometric fingerprint scanners. This transaction represents a private investment.

“Demand for our solutions continues to increase at a tremendous rate,” said Stephen Thies, CEO of Integrated Biometrics. “This growth capital addresses working capital needs, enables capacity improvements, and supports engineering projects that will bring exciting new features to our product line.”

For the second year in a row, Integrated Biometrics was named one of South Carolina’s SC 25 Fastest Growing Companies and listed on the Inc. 5000 list of the fastest-growing private companies in the United States.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. Connect with Stephen on LinkindIn.