News and insight into biometric identification and authentication

Validity gets $10M in investor financing

Friday, March 13, 2009

Validity Sensors, a biometrics developer specializing in fingerprint authentication, has announced that it has received a commitment for up to $10 million in financing from its current investors.

The investment was necessary to expand to Validity’s 2008 release of the VFS201 fingerprint readers that were embedded in many HP and Acer notebooks. Now the company is able to add new features to their sensors including custom colors and backlit LED options as well as look into expanding into new markets. [end] 

Luxand announced release of a free, downloadable version of its Blink! facial recognition software. The software provides as a biometric-based login service Windows 7 and Windows Vista operating systems via a user’s regular webcam. In addition to authenticating the individual accessing the computer, Blink! also takes and records a still image of each person trying to access the computer to help prevent unauthorized access, and touts the ability to correctly recognize stored faces despite poor lighting conditions or basic changes in a user’s look such as glasses or hair cuts.  

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CA Technologies announces the purchase of Arcot Systems Inc. in an all-cash transaction of $200 million. The authentication and fraud detection software company is said to prevent fraudulent transactions for close to a million online credit transactions daily.

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Validity Sensors, a developer of biometric hardware solutions, has announced that its fingerprint sensors are now shipping embedded in notebooks with Windows 7. Among the laptops containing the Validity Sensor are the HP ProBook 6545bs.

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Validity, a biometric technology developer specializing in fingerprint authentication solutions, has announced the launch of its VFS5111 fingerprint solution.

The new technology has improved on its predecessors in performance and tri-color LED support. Validity is touting the solution as a low-cost option for notebook manufacturers and that the LED integration can assist with non-authentication related tasks such as notifications.  

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ClearCount Medical Solutions, a Pittsburgh-based provider of patient safety products for the operating room, has closed its $5 million series B financing round.

The company intends to use the funds to further research and development of its RFID-based solutions for operating rooms. ClearCount has already developed the first FDA-cleared sponge counting and detection solution.

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Actis, a private equity investor in emerging markets, has announced the 100% management buy-out of Mediterranean Smart Cards Company (MSCC), one of Africa’s leading electronic payment processors.

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