Global biometrics and identity company Tascent announced yesterday (Sept. 17) the completion of its Series A funding round, which closed at $18.5 million.
The new capital will be used to help Tascent expand upon its biometric technology platform and continue the development of its new iris recognition and mobile biometric identity solutions.
“Traditionally, biometric systems have either been fast and easy to use, or highly accurate,” Tascent CEO Dean Senner told TechCrunch. “Our perspective is that with the right core technology, and with a human-centric approach to product and interaction design, biometric systems can be both.”
[bctt tweet=”With new funding #Tascent aims to make #biometrics technology both fast and easy to use”]
Earlier this year, Tascent acquired AOptix Technologies’ Identity Solutions business unit, and with the latest funding round the company said it is well-positioned to make an immediate impact in the biometrics market.
“These capabilities led to remarkable deployments, such as our installation at Dubai International Airport, and now provide effortless and accurate biometric identity for tens of millions of people each year,” Senner said. “This product and technology base forms a cornerstone of our business moving forward.”
Tascent said along with growing its product lineup, it plans to further expand its presence in government, enterprise and other market sectors.
“Over the past few years, biometrics has become a positive and impactful aspect of our daily lives. We’re excited to build upon this momentum with highly accurate and easy-to-use identity solutions that contribute to a safer and more efficient world,” Senner said in a press release announcing the funding round.
[bctt tweet=”#Biometrics has become a positive and impactful aspect of our daily lives”]
Senner added, “Our strength in iris recognition, along with products that embrace multiple biometric modalities including fingerprint and face recognition, empowers us to deliver flexible and customizable solutions to customers globally.”
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