US-based security tagging technology developer Dust Identity collected $10m in a series A round on Tuesday that included the respective investment subsidiaries of aerospace manufacturers Airbus and Lockheed Martin.
Airbus Ventures and Lockheed Martin Ventures took part in the round alongside lead investor Kleiner Perkins, as well as New Science Ventures, Angular Ventures and Castle Island Ventures.
Dust Identity has developed an identity tag, called Diamond Unclonable Security Tag (Dust) that it claims cannot be copied. The tag uses diamond fragments to attach unique tracking codes to physical objects.
The tag has been tested in several industries including automotive, luxury goods, cosmetics, oil, gas and utilities, as well as government organisations.
The investment will be used to accelerate product development and engineering initiatives, as well to fund Dust’s go-to market strategy.
Kleiner Perkins previously led the company’s $2.3m seed round in November 2018, alongside New Science Ventures, Angular Ventures and Castle Island Ventures.