FB pixel

Biometric workforce tracking startup SecurAX raises funding

Categories Biometrics News
 

Bangalore-based biometric workforce tracking startup SecurAX has raised an undisclosed amount of funding from Axilor, Parampara Early Stage Opportunities Fund and an undisclosed group of angel investors, according to a report by The Tech Portal.

SecurAX is planning to use the funds to improve its technology offerings, expand its customer base, and ramp up its operations across India and the Middle East.

Currently, the company’s B2B SaaS biometric platform is being used by 75,000 end users across 125 customers.

The company said it has grown its SaaS user base 2.5 times in the last six months. This latest investment from Axilor Ventures and Parampara will help SecurAX scale operations.

“Cloud-based technologies are driving new business models,” said Srinath Batni, cofounder of Axilor Ventures. “SecurAX is well positioned to build on its leadership in the biometrics space and scale its SaaS offering, globally.”

Through biometrics, mobile app and geo tracking, SecurAX platform customers can track their workforce and improve productivity, while reducing costs.

The SaaS platform helps client companies to reduce physical-infrastructure investment, maintenance and software licensing costs, as well as  lower operational costs through a pay-as-you-go pricing model.

Founded by S.D. Shibulal, Kris Gopalakrishnan, Srinath Batni, Professor Tarun Khanna and Ganapathy Venugopal, Axilor Ventures supports early stage entrepreneurs.

 

Article Topics

 |   |   | 

Latest Biometrics News

 

Biometrics and injection detection for deepfake defense a rising priority

Biometrics integrations with injection attack detection to defend the latest front in the global battle against fraud, deepfakes, is the…

 

Biometric Update Podcast looks at the road to a global standard for age assurance

Episode 2 of the Biometric Update Podcast is a dispatch from the 2025 Global Age Assurance Standards Summit, held from…

 

WEF launches new DPI initiative focused on emerging tech, including biometrics

Global Digital Public Infrastructure (DPI) initiatives are lagging behind emerging technologies such as AI, which could lead to inefficiencies, bottlenecks…

 

Odds are good for biometrics firms in the global gambling sector

Gambling has always been a vice associated with certain kinds of criminal activity, but the development of the online gambling…

 

New Zealand issues tender for digital ID services accreditation infrastructure

New Zealand’s accredited digital identity services regulator, the Trust Framework Authority (TFA), has published a request for information (RFI) for…

 

Pindrop surpasses $100M in annual recurring revenue, kicks off BU podcast

A release from Atlanta-based voice biometrics firm Pindrop celebrates a milestone: the firm has surpassed US$100 million in Annual Recurring…

Comments

Leave a Reply

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

Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events