Biometrics security firm Invixium raises $4M in financing round
Biometrics security firm Invixium has raised $4 million in its Series A financing round, led by McRock iNFund LP, an Industrial Internet of Things (IIoT) venture capital fund managed by McRock Capital.
Invixium’s IP-enabled biometric security products ensure that only enrolled users are able to enter a building or room, all without the use of keys, PINs or passwords.
Since its launch three years ago, Invixium has sold over 3,500 biometric products to government agencies and industrial companies with security requirements in the Middle East, North Africa, India and North America.
“We are experiencing a shift towards advanced, elegant and robust biometric authentication solutions due to the inherent security limitations and complexities of traditional authentication methods,” said Shiraz Kapadia, founder and CEO at Invixium. “Our biometric security solutions go beyond traditional devices in that we enable integrators and end users to customize their applications using our embedded Android kit and comprehensive SDKs.”
“Invixium’s sophisticated solution enables edge computing while maintaining the highest level of security and convenience,” said Scott MacDonald, co-founder and managing partner at McRock. “Invixium’s solution is highly scalable and easily transferrable to a variety of markets due to its meticulous design, intuitive user interface and powerful on-device processing power.”
As part of the financing round, McRock Capital co-founders Scott MacDonald and Whitney Rockley will join the Invixium board of directors.
Previously reported, Invixium has provided fingerprint readers for UK smart home automation firm Majik House to control access to its showroom.