Zwipe, an Oslo, Norway-based global provider of biometric identity protection solutions, raised an additional $3.5m in Series A funding.
Of the $3.5m, $2.5m was invested through a private placement, and the remaining $1m was a grant given by the Government of Norway.
The company intends to use the funds to both expand the sales organization for the access control market, as well increase investment in technology development and application.
Led by Kim Kristian Humborstad, CEO, Zwipe recently launched the Zwipe Access biometric card, which is based on a NFC (Near Field Communication) platform which users can use to authenticate themselves through pin code and fingerprint. It has no external database containing sensitive information as the fingerprint data is only stored inside the Zwipe card.
The company has also added industry veteran Clas Thelin as new Chairman of the Board of Directors of Zwipe.