EyeVerify Closes the Lid on A $1.4M Seed Capital Round
EyeVerify, an eye vein biometrics software company, recently announced the closing of a $1.4 million seed funding round. The company’s patented technology images and pattern matches the blood vessels in the whites of the eye to uniquely identify users. Think Big Ventures, a Kansas City based venture fund, led the round. The firm is also benefiting from angel tax credit, which amount to around $450,000 from the State of Kansas.
“We have got the team, technology and capital to bring to market a biometric authentication solution that delivers fingerprint level accuracy from the device you never leave home without. This is a game changer for mobile biometrics,” said Toby Rush, CEO & Founder of EyeVerify.
Rush recently made a video recorded pitch about the company:
The new software, which is patented technology from the University of Missouri-Kansas City and West Virginia University, utilizes a mobile phone camera and uses the images it captures for identity verification. Specifically, the software allows a user’s identity to be authenticated through use of a mobile phone camera, which send images back to a secure biometric database for verification. EyeVerify has an exclusive license to this patent.
EyeVerify will execute a number of strategic pilots starting this fall with a full commercial launch in early 2013.