EyeVerify Inc., a Kansas City, Kansas-based creator of Eyeprint IDTM, the patented biometric technology that eliminates passwords on smart devices, completed a more than $6m Series A equity funding round.
Backers included Qihoo 360 (NYSE: QIHU), Sprint (NYSE: S) and Wells Fargo (NYSE: WFC).
The company intends to use the funds to drive mass adoption of its Eyeprint ID biometric technology directly and through key channel partners and markets including financial services, enterprise mobility management, mobile security, telecoms, healthcare and government.
Led by Toby Rush, CEO and Founder, EyeVerify provides Eyeprint IDTM, a biometric technology for smart devices that delivers a password-free mobile experience and secure authentication at a glance. The patented solution uses the existing cameras on mobile devices to image and pattern-match the blood vessels in the whites of the eye. Eyeprint ID is available to enterprises through Good Technology™, to banks throughout Australia via The System Works Group, and is expected to be available for AirWatch Secure Content Locker customers later this year.
The company is an inaugural participant in the Wells Fargo Startup Accelerator, a semiannual boot camp for innovators whose technology ideas could shape future customer experiences in financial services.