Invixium develops internet-ready biometric security solutions using face, finger vein and fingerprint recognition for access control, workforce management and smart building automation. Its offering combines data-capture devices with integrated software that deliver precise audit trails and analytics to enterprises. The company sells through channel partners into industries including healthcare, corporate offices, utilities, airports, higher education, manufacturing, retail, data centres, banks, hotels and smart cities. Invixium has sold thousands of devices and software solutions to 300+ customers in over 60 countries. The firm is positioned to capitalize on growing demand for biometric authentication to replace traditional access methods. Founded in 2012 and headquartered in Markham, Ontario with an office in India, Invixium is backed by McRock Capital, BDC Capital and Connecticut Innovations. Invixium develops Made-in-Canada advanced biometric security products for physical access security at enterprises and industrial facilities, delivered through internet-connected computing solutions. The company has sold over 3,500 products to government and blue-chip industrial customers across the Middle East, North Africa, India and North America. Founded three years ago by Shiraz Kapadia (Founder and CEO), Invixium focuses on rugged security requirements for industrial deployments. It raised $4M in Series A financing and plans to use the proceeds to continue expanding operations. Scott MacDonald and Whitney Rockley of McRock Capital will join the board as part of the transaction.

Total raised

$8M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Jul 2019