FB pixel

Intel Capital makes strategic investment in Validity Sensors as the company eyes the mobile market

 

Intel Capital has completed a strategic investment in Validity Sensors, Inc, a producer of fingerprint sensors and Natural ID authentication.

Intel Capital’s investment comes as a part of Validity’s Series E Financing. Including Intel’s invesment, along with others from World Fair and DDS bring the total Series E capital commitments to more than $22 million. According to the company, this follows an initial closing on October 4, 2012, led by TeleSoft Partners that included full participation from Qualcomm Ventures, VentureTech Alliance, Panorama Capital and Crosslink Capital.

“We are pleased with Intel Capital’s engagement and are excited about the opportunity to work with an industry leader who share our vision for authentication,” Rob Baxter, CEO of Validity said. “This infusion of capital will enable us to extend our technology leadership and accelerate our products for mobile and tablet markets.

Since launching its products in 2008, Validity has shipped more than 30 million sensors into consumer electronics products and is now focusing its resources on the multi-billion unit mobile phone and tablet markets that require convenient password authentication, improved mobile payment features and enhanced device navigation.

“Validity’s technology addresses an important need to make computing devices and the transactions completed on them more secure while actually increasing ease of use for the end user,” Dave Flanagan, managing director of Intel Capital said.

Article Topics

 |   |   |   |   |   |   |   | 

Latest Biometrics News

 

City of Clemson pilots Intellicheck ID verification to prevent underage drinking

Identity verification provider Intellicheck and the city of Clemson have launched a 12 month pilot program that uses identity verification…

 

Rumors of liveness detection’s defeat have been greatly exaggerated

Photo and video face filters are perhaps the most mainstream use case for augmented reality –  and an illustrative test…

 

Companies House takes new measures to fraud fight, but not biometric IDV

Companies House, the UK’s business registry, has begun rolling out new tools to fight fraud and help cleanse the register…

 

Mitek: quarterlies, annuals, SEC actions

April 4, 2024 – Mitek is getting back on track with its financial reporting, which may be more reflective of the…

 

Jamaica parliament soon to receive draft digital ID regulation for scrutiny

Plans are being finalized to send the draft regulation on Jamaica’s digital ID program to the country’s parliament for examination…

 

US launches PKI system to make mobile driver’s licenses interoperable, easy to use

The Digital Trust Service being set up by the American Association of Motor Vehicle Administrators (AAMVA) to ease the use…

Comments

3 Replies to “Intel Capital makes strategic investment in Validity Sensors as the company eyes the mobile market”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events