Us-based biometric technology developer EyeVerify closed a $6m series A round on Wednesday that featured several corporate investors.
Participants included financial services firm Wells Fargo Bank, which invested through its newly formed accelerator, internet security software provider Qihoo 360 Technology, electronics producer Samsung, telecommunications company Sprint, Mid-America Angels, incubator Think Big Partners and Nebraska Angel Network.
EyeVerify is the creator of Eyeprint IDTM, which aims to eliminate passwords as a form of indentity verifictaion for smartphones and tablets in favour of a picture of the user’s eyeball. The new funding will support EyeVerify’s push for the mass adoption of its technology.
Toby Rush, chief executive and founder of EyeVerify said: “No marketplace validation could be stronger than strategic investments by giants in the mobile space, including the largest security software firm in world, the leading bank in the US., and a wireless network operator serving more than 50 million U.S. customers.”
EyeVerify will be a participant in the Wells Fargo Startup Accelerator, Wells Fargo announced this week. The accelerator is aimed at start-up companies that could benefit and shape the bank’s customers’ financial experiences in the future.
The funding was originally reported externally last month. It lifted EyeVerify’s total equity capital to about $10m since it was founded in 2012.