News and insight into biometric identification and authentication

AOptix receives $65 million in funding

Wednesday, February 3, 2010

AOptix Technologies, a developer of iris-based biometric systems, has raised $65 million in funding from seven firms, according to a Silicon Valley San Jose Business Journal article.

The fund raising, which happened in four rounds, involved funds from Kleiner Perkins, Caufield & Byers, 3i Group plc, Clearstone Venture Partners, Lehman Brothers, DAG Ventures, Northgate Capital and Tenaya Capital. AOptix is hopeful that the funding will help drive their business receiving a high share of the projected $350 million to $560 million valued iris recognition market.

Read the full story here. [end] 

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