News and insight into biometric identification and authentication

Privaris raises $2 million

Tuesday, December 1, 2009

Privaris, a developer of biometric authentication solutions, have managed to raise more than $2 million through offerings including converting promissory notes and $500,000 in cash, according to a Tech Journal South article. The new funds, which can be seen in the company’s most recent SEC filings, follows $18.2 million raised in venture backing since 2005 from a number of investors. Otherwise, Privaris also holds a number of patents on various biometric technology and procedures.

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