Token picks up $1.75M in New York state funding

Wearable technology start-up Token is receiving a $1.75 million investment from Empire State Development through its New York State Innovation Venture Capital Fund. The company has developed a ring embedded with an ultra-compact fingerprint sensor and an optical proximity sensor that can be used for payments, access and several other applications. Its companion software platform allows the ring to be integrated into various identity applications, including computer logins, mobile payments, transit cards, and smart locks for home and auto. Token

Horizon Robotics seeks funding to back embedded AI for facial recognition, autonomous vehicles

Horizon Robotics, which provides facial recognition systems for some of Beijing’s busiest subway stations, is betting heavily on embedded AI as the future of facial recognition and autonomous vehicles, the South China Morning Post reports. The company was founded in 2015 by former Baidu executive Yu Kai, who set up the search-engine company’s “deep learning” research institute in 2013. Horizon makes AI chips and algorithms for facial recognition that can identify up to 200 people in real-time. It counts Intel

BehavioSec raises $17.5M, plans to expand global operations

BehavioSec has raised a $17.5 million Series B investment led by Trident Capital Cybersecurity. Cisco Investments and ABN AMRO also joined the round alongside existing investors Octopus Ventures and Conor Venture Partners. The investment will be used to expand global operations and move corporate headquarters to the United States. “We decided to invest in BehavioSec given production deployments authenticating user sessions for some of the most sophisticated financial institutions and governments around the world,” said Alberto Yépez of Trident Cybersecurity.

Zwipe raises additional $1.2M in latest equity capital round

Zwipe reported today that in December it raised an additional $1.2 million (NOK 9.6 million) on top of the $4.3 million (NOK 35 million) private placement of new shares announced November 30. The size of the equity capital raise was increased to meet demand for shares from existing shareholders. The latest equity capital round brings the total raised in equity, debt, and grants since inception to $25.6 million (NOK 208 million). Key employees of the Norwegian biometrics technology company including

IDEX hosting investor presentation at CES

IDEX will be hosting an investor presentation at CES on January 10th. Members of the executive management team will present IDEX’s business strategy and highlight the company’s leadership position and market opportunities in the biometric cards market. The company also plans to demonstrate its latest fingerprint sensor solutions. The presentation will be held by IDEX’s CEO Dr. Hemant Mardia, CFO Henrik Knudtzon, CTO Fred Benkley and Chief Products Officer Stan Swearingen. Management will also be hosting individual meetings with members

Cyber Investing Summit

Cyber Investing Summit May 15th, 2018 New York City, NY The Third Annual Cyber Investing Summit, is an all-day conference exploring the investment opportunities available in the rapidly growing cybersecurity sector. The Summit differs from traditional product centered conferences by focusing primarily on the financial side of the cyber security industry. Panels will explore investment strategies, market forecasts, merger and acquisition potential, fallout from high profile security breaches, funding for startups, and more. Attendees include technology analysts, CISOs from large

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Swedish biometrics firm Fingerprint Cards AB recently issued a notice addressing market rumors. Some market participants had, apparently, been speculating about the possibility the company was preparing for a possible takeover bid. The company had

Integrated Biometrics closes $2M equity financing round

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

Zwipe completes $4.3M private placement

Zwipe has completed a $4.3 million private placement of new shares to existing and new investors. “We are pleased that our value proposition – easy, secure and fast authentication – is acknowledged by both our investors and partners, as demonstrated by this capital raise as well as the progress we see in all our verticals,” said Kim Humborstad, Zwipe CEO. The biometrics technology company has commercialized two products, Access and ID cards which, according to a company statement, have near-term

Alibaba looking to be largest backer of facial recognition firm SenseTime

Bloomberg is reporting that Alibaba is in discussions to invest about $227M USD and become the largest backer of Chinese facial recognition firm SenseTime, according to a person familiar with the matter. The source indicated that Alibaba has no interest in exerting control over the artificial intelligence start-up, but is keen on owning a sizeable stake. SenseTime, valued at more than $2 billion, is backed by Qualcomm. Alibaba is already an investor in Megvii’s Face++, which raised $460 million in