Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Lumidigm completes $7 million funding round

Tuesday, January 29, 2008

Lumidigm Inc., the multispectral imaging biometrics company, announced that it has completed a Series C $7 million funding round.

Sun Mountain Capital is a new investor with the company. Returning investors include Draper Fisher Jurvetson, Draper Fisher Jurvetson New England, Epic Ventures (formerly Wasatch Venture Fund), Intel Capital, International Venture Fund, Motorola Ventures, New Mexico Co-Investment Partners managed by Fort Washington Capital and Solstice Capital. Epic Ventures led the round.

Lumidigm’s expansion reflects demand for its Venus Series fingerprint sensors, which was introduced last summer. [end] 

Lumidigm has announced that it has entered a partnership with identity solutions distributor IdentyTech Solutions for distribution in Israel.

The new agreement will see IdentyTech’s terminals and other identity solutions integrated with Lumidigm’s multispectral fingerprint scanners, which use both surface and subsurface fingerprint data for a more accurate print match in both good and poor environments. In addition to the agreement expanding Lumidigm’s reach, IdentyTech is also involved in field testing Lumidigm’s products bringing them new clients as well as new applications for use of the technology such as civil ID and access control applications.  

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Lumidigm announced a partnership with Tiger IT Bangladesh Limited to bring a criminal identity solution that utilizes iris recognition and will also offer fingerprint recognition sensors from Lumidigm.

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The French government has shortlisted Paris and 16 other major cities for a €20 million grant that will be used to deliver NFC mobile ticketing solutions for public transportation.

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The National Institute of Standards and Technology announced a competition to award a approximately $10 million for pilot projects to accelerate progress toward improved systems for interoperable, trusted online credentials that go beyond simple user IDs and passwords.

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The board of directors for Lumidigm announced the appointment of Mark Shermetaro, a member of the board, to chief executive officer of the company with current CEO and chairman Bob Harbour moving to the position of executive chairman of the board of directors.

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Lumidigm has announced that its Mercury line of multispectral fingerprint scanners has been chosen for integration into the Cheetah line of card readers from card reader developer Innometriks.

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