US-based mobile authentication software provider EyeVerify has received a $5.5m in funding in a series B round that featured a host of corporate backers, the Wall Street Journal has reported.
China-based software security firm Qihoo 360 Technology, electronics conglomerate Samsung Electronics, telecommunications company Sprint and an undisclosed US banking institution all participated in the round.
EyeVerify’s software allows people to use photos of their eyeball in place of security passwords or fingerprints. The cash will be used to develop and market its software.
EyeVerify raised $2.3m in series A funding in 2013 from angels and startup incubator Think Big Ventures, which was also a participant in the company’s $1.4m seed round in 2012.