EyeVerify’s core product, Eyeprint ID, captures a front-facing smartphone image of the sclera and pattern-matches blood vessels to verify identity. The technology is positioned to replace passwords and address weaknesses in voice and face recognition for secure mobile banking. The company says market trends—improved front-facing cameras, password hacks like Heartbleed, and rising privacy concerns—are accelerating adoption. EyeVerify plans to drive adoption across financial services, enterprise mobility management, mobile security, telecoms, healthcare and government sectors. The company is also participating in Wells Fargo’s startup accelerator, which the bank intends to use as a semiannual boot camp for financial-services technology ideas. The new financing brings the company to approximately $10 million raised to date. EyeVerify develops mobile authentication solutions that leverage existing smartphone cameras and a patented vascular "Eyeprint" Verification System to pattern-match blood vessels in the whites of users' eyes. The product provides secure mobile identity protection and access to personal information without requiring additional hardware. The company announced availability of its solution to the banking and financial services sector, including banks, credit unions, investment firms and payment systems. EyeVerify closed a $2.3M Series A financing to accelerate deployments with major customers, add specific features for the financial sector, and grow its marketing and sales team. Backers included existing investors Think Big Ventures and Nebraska Angels and new investor Mid America Angels. Toby Rush is the company's CEO and founder and the company is based in Kansas City, KS. EyeVerify develops an authentication module that uses mobile device cameras to capture an image of a user’s eye in place of entering a password to access a phone. The software targets industries including financial services, transportation, higher education, healthcare, critical infrastructure, hospitality & gaming, and government. The company was founded in January 2012 and is led by CEO Toby Rush and CSO Dr. Reza Derakhshani. EyeVerify commercializes eye-based biometric identification for mobile platforms and is positioning its product for enterprise and regulated-industry deployments. The article reports a $250K investment from Think Big Ventures I as the company's current financing event. No revenue or user metrics are provided in the article.

Total raised

$9M

Funding rounds

3

Latest round

Series A

Latest activity

Aug 2014