Chinese facial recognition startup Megvii, the developer of Face++ facial recognition software, has raised $460 million in its latest financing round from several investors including a Chinese state fund, Ant Financial and Foxconn Technology, according to a Reuters report. A previous round of financing last December valued Face++ at $2 billion. For that round, Megvii raised at least $100 million from several investors led by Foxconn Technology Group and CCB International Holdings Ltd. The Beijing-based startup developed Alipay’s “scan your
UK voice capture solutions firm XMOS Ltd recently raised $15M in a Series E funding round led by Infineon Technologies. In addition, existing investors Amadeus Capital Partners, Draper Esprit, Foundation Capital and Robert Bosch Venture Capital participated in the funding. The company said it intends to use the funds for its product development plans. Led by president and CEO Mark Lippett, XMOS provides a range of voice and audio solutions to the consumer electronics market by combining voice processing, biometrics and
Simprints fingerprint scanning technology for newborn prints is one of 15 projects that has securing new funding from Saving Lives at Birth (SL@B) to develop and refine its innovations. Simprints is a nonprofit tech company out of the University of Cambridge that is building an affordable, secure, rugged, open-source fingerprint system that works in the world’s toughest settings. Its technology creates a unique digital identity based on a fingerprint, allowing healthcare workers in remote areas to access patient records on
Israel’s Science, Technology and Space Ministry and the National Cyber Bureau’s biometric identification and applications unit have put out a call for proposals for biometric and identification research and development, according to a report by The Jerusalem Post. The Israeli government will reward each project with NIS 450,000 (US$125,559) for a period of up to three years. The project is designed to advance existing knowledge in the biometrics and identification field, develop applications, and increase the number of researchers and
Digital authentication startup UnifyID recently completed a $20 million Series A investment led by NEA with additional investments from Andreessen Horowitz, Stanford-StartX and Accomplice Ventures for its machine learning technology which authenticates users based on data collected from a smartphone, according to a report by Techcrunch. UnifyID combines machine learning, behavioural biometrics, and continuous authentication by using data collected on a smartphone’s sensors (such as an accelerometer and a GPS) to build an understanding of who the user is, the person’s
Callsign has closed a $35 million Series A funding round, led by Accel and early stage investor PTB Ventures, for a deep learning-based authentication platform which provides adaptive access control for enterprises, according to a report by Techcrunch. Founded in 2012, the company’s Intelligence Driven Authentication (IDA) platform is able to verify the authorized owner of the device from a swipe on the touchscreen. Other investors that participated in the funding round include Allegis Capital and David DeWalt’s NightDragon Security.
B-Secur has raised £3.5 million (US$4.6 million) in an early-stage funding from a syndicate of UK and Ireland’s investors, to further develop its ECG biometric technology which leverages an individual’s heartbeat pattern to securely authenticate identity. As an internal biometric, ECG authentication can reduce hacking or spoofing risks for greater security and convenience. The technology has the potential to move beyond first-generation modalities of fingerprint, iris or voice. B-Secur is currently working in the UK, Ireland and US to serve
Nok Nok Labs (NNL) has raised $8 million in a Series D financing, led by Motorola Solutions Venture Capital. The company’s existing investors also participated, including DDS, Inc., ONSET Ventures, DCM Ventures, Lenovo Group, Korea Information Certificate Authority (KICA), and DOCOMO Innovations. NNL said it will use the funding round to accelerate the deployment of its strong authentication solution across the private and public sectors including government, public safety and first responder agencies. Additionally, NNL will expand its channel infrastructure
Nymi, creator of the wearable authentication technology Nymi Band, has closed a US$15 million Series B round of funding. The funding round was led by new investor GII Tech from Dubai, along with participation from Nymi’s Series A investors, Relay Ventures and Ignition Partners. “This is an important milestone for Nymi,” said Karl Martin, founder and CEO of Nymi. “We have made significant progress in the last two years, delivering on our vision of wearable, Always On Authentication. This new
Biometrica Systems announced that it has secured an initial round of growth capital from revenue-based financier, Lighter Capital. Lighter Capital is an online revenue-based lender focused on providing technology companies up to $2 million in growth capital. They have provided more than $35,000,000 in growth capital to more than 100 companies in the six years since inception, with the average loan size being $250,000. “We’re pretty excited about this round,” said Biometrica CEO Wyly Wade. “We are cash flow positive.