FB pixel

Imageware raises $2.5M to continue strategic review

Imageware raises $2.5M to continue strategic review

Imageware has secured $2.5 million in bridge financing to carve out its strategy to position the company for growth with its biometric software for law enforcement, governments and enterprises.

The bridge facility agreement is with the company’s largest shareholder, though further details were not disclosed.

“This agreement is a positive step forward for our business as it provides additional funding in the short-term to ensure that we can reach the best long-term solution for our business,” comments Imageware Chair and CEO Kristin Taylor. “I am confident the steps we are taking now will position us well for years to come.”

Imageware has been evaluating its strategic options as it transitions. Taylor told Biometric Update while revealing a $1.5 million subscription deal with law enforcement in Washington’s King County, however, that a sharpening product focus, a new Law Enforcement 2.0 biometrics platform with modules released and more in the pipeline, and active discussions with law enforcement organizations across the U.S. and internationally, the company is poised to improve its cashflow.

Related Posts

Article Topics

 |   |   | 

Latest Biometrics News


Leave a Reply

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

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Biometrics White Papers

Biometrics Events

Explaining Biometrics