NXT-ID Inc., a Shelton, Conn.-based technology company focused on developing biometric secure access control products, solutions and services, raised $150k in funding from Connecticut Innovations‘ Pre-Seed Fund.
Founded by senior managers at Technest Holdings and subsidiary Genex Technologies, NXT-ID It has identified three target markets: mobile commerce (m-commerce), law enforcement and biometric access control.
In particular, the company is developing a secure mobile electronic wallet, the Wocket, for the m-commerce market and is using its core biometric facial recognition algorithms to develop security applications that can be used by corporations (e.g., in securing enterprise computer networks), individuals (e.g., in securing smart phones, PDAs and personal computers) and law enforcement, defense and others in the security sector.
FinSMEs
04/02/2013