B-Secur raises £4M to expand, further develop its ECG biometric technology
ECG biometrics company B-Secur has raised £4 million (US$5.3M) in funding as the Ireland-based company looks to expand internationally, The Irish Times reports. B-Secur’s technology uses the electrical signal of an individual’s heartbeat as personal authentication.
Participants in this latest funding round included Accelerated Digital Ventures and Kernel Capital, manager of the Bank of Ireland Kernel Capital Growth Funds, both of which took part in the company’s 2017 round. The new investment brings total investment in the company to £10 million (US$13.2 million).
According to the report, B-Secur plans to develop its technology further and add to its commercial team in the coming months. The company is also planning to expand its staff outside the borders of Ireland, however its product development would remian in-country. There are 36 staff currently employed with plans to add eight more.
At CES this year B-Secur launched a new collection of ECG authentication and wellness algorithms, which will soon be available in vehicles, wearables, and “smart wear” through partnerships with several semiconductor companies. The bespoke Heartkey algorithms deliver real-time health and wellness insights, enabling users to constantly assess and monitor the heart’s electrical and muscular state, and detect potentially dangerous changes in heart rate and rhythm, stress levels fatigue, respiration, and atrial fibrillation, as well as perform biometric authentication.