Biometric workforce tracking startup SecurAX raises funding

Bangalore-based biometric workforce tracking startup SecurAX has raised an undisclosed amount of funding from Axilor, Parampara Early Stage Opportunities Fund and an undisclosed group of angel investors, according to a report by The Tech Portal. SecurAX is planning to use the funds to improve its technology offerings, expand its customer base, and ramp up its operations across India and the Middle East. Currently, the company’s B2B SaaS biometric platform is being used by 75,000 end users across 125 customers. The

Biodit picks up financing from capital venture fund NEVEQ

Bulgarian biometrics firm Biodit recently closed Series A financing from capital venture fund NEVEQ. The company plans to direct the investment to the commercialization of its products in Bulgaria and on the international markets, as well as to continue its development activities. The venture capital fund NEVEQ II is part of NEVEQ Capital Partners, a team with more than 40 years of investment experience who work with companies which are based mainly in Eastern Europe with a focus on Bulgaria,

Alibaba division Ant Financial raises $4.5B in private funding round

Ant Financial (its official name is Zhejiang Ant Small & Micro Financial Services Group), the financial division of Alibaba that owns Alipay, recently raised $4.5 billion private funding round, according to a report by CNBC. Credited as the world’s largest single private funding round for an internet company, the deal gives Ant Financial a valuation of $60 billion. This positions Ant just behind U.S. ride-sharing app Uber ($62 billion), and ahead of Chinese smartphone maker Xiaomi ($45 billion). The funding

Valencell raises $11M; plans to accelerate R&D in biometric wearable technology

Valencell has secured $11M in Series D financing and plans to use the funds to continue its triple-digit growth and accelerate its innovation in accurate biometric wearable technology. This round of financing was led by GII Tech, a new venture fund being launched by UAE-based financial services company GII LLC. Existing investors TDF Ventures and WSJ Joshua Fund also participated bringing the total amount of funding raised to date to $24.5 million. “Biometric sensors are becoming ‘must-have’ features in wearable

Korean iris biometrics firm completes $2.1M series B financing round

CMITech, a Korea-based iris recognition products and solutions developer, has completed a $2.1M Series B financing round to accelerate its R&D efforts and expand its global customer support presence. The venture investment firms who participated in this round include Magellan Technology, Investment of Seoul, SBI Investment Korea and Industrial Bank of Korea Capital. Daniel An of SBI Investment has been appointed to CMITech’s Board of Directors. “We are delighted to bring in this investor group to support our continued innovation

Horizon leads $12M venture loan facility for Digital Signal

Horizon Technology Finance Corporation — a specialty finance company that provides secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries — announced it has led a $12 million venture loan facility for identity management firm Digital Signal Corporation (DSC). Digital Signal provides enterprise-scale biometric solutions and customized applications for clients around the world. The firm develops human identification and identity management solutions, including dynamic three-dimensional (3D) long-range facial recognition capabilities.

Socure completes $2.5 million financing round lead by ff Venture Capital

Socure announced it has completed its $2.5 million Series A funding round led by ff Venture Capital, with contributions from Founder Collective and Two Sigma Ventures. The company’s Social Biometrics solution uses online and social behavior checks in real-time to verify the authenticity of customer identities registered on websites and mobile applications. Enterprises using Socure’s Social Biometrics APIs are able to accomplish higher user acceptance rates with less friction, fraud losses and manual review costs. Additionally, Social Biometrics brings enterprises

Biometric wearables developer Bionym closes $14M financing round

Bionym announced it has closed a US $14 million Series A round of funding led by Ignition Partners and Relay Ventures. Rounding out the group of investors are Export Development Canada, MasterCard, and salesforce.com’s corporate investment group, Salesforce Ventures. Bionym has developed the Nymi band, a wearable device that authenticates a person’s identity by analyzing their heartbeat, or unique electrocardiography. The wearable device can also used with applications that require passwords, PINs and keycards. “We see the Nymi as a

Delta ID raises $5M from Intel Capital to advance iris recognition technology

Iris recognition company Delta ID announced it has closed a $5 million Series A financing led by Intel Capital and a few strategic investors, bringing Delta ID’s total capital raised to date to $6.1 million. The financing, led by Intel Capital director Arun Chetty, will help Delta ID meet the rising demand for its iris recognition products from some of the most high-profile device manufacturers in the world. Backed by its patent-pending ActiveIRIS technology, Delta ID provides convenient, fast and

Biometric sensor firm Valencell secures $7M in funding, names CEO

Biometric data sensor technology provider Valencell announced on Tuesday it has secured more than $7 million in Series C financing. WSJ Joshua Fund, which is a new investor to the latest round, joins existing investors TDF Ventures, True Ventures and Best Buy Capital. Since being founded in 2006, Valencell has raised more than $13 million in venture funding including a Series B investment led by Best Buy Capital, with participation from Series A investors TDF and True Ventures. Additionally, the