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 reliable iris recognition in conditions and situations where users would traditionally use their mobile and PC devices.
“We believe biometrics technology will increasingly become a part of how people interact with personal computing and mobile devices, enabling safer, more secure, and convenient user authentication,” said Erik Reid, vice president of Intel’s mobile and communications group and general manager of its tablet business unit. “Working with biometric companies such as Delta ID is a key part of Intel’s initiatives to eliminate the hassle of passwords. Intel Capital’s investment will help accelerate the adoption of iris recognition by the ecosystem of device manufacturers, service providers and users.”
Delta ID says its iris recognition solution provides a more mature biometric modality than alternative solutions, making it convenient, user friendly, and easy to deploy.
The solution offers significantly lower failure rates and higher intrusion resistance than other biometrics, while making electronic payments and other secure transactions markets more accessible to its customers.
“The addition of Intel Capital as a strategic investor allows us to uniquely influence the future of biometrics technologies in mass-market computing devices, and enable a more secure and convenient way for users to access services through their devices,” said Dr. Salil Prabhakar, president and CEO of Delta ID.