AirSig Technology, a Taiwan-based start-up specialising in authentication systems has revealed that it received $2m in seed funding from electronics contract manufacturer Foxconn Technology Group, which has taken a 10% stake in the company.
The start-up plans to use the funds to expand its activities internationally and accelerate the development of new products, according to CEO Pokai Michael Chen.
AirSig develops secure ways of personal identification for portable devices enabling users to avoid lengthy passwords. Its technology uses a g-sensor and gyroscope to detect the owner’s personal writing pattern and signature.
AirSig claims that its technology is more secure than passwords, fingerprint sensors and facial recognition systems. The company was founded last April and its product has received several awards in the past few months.