FST Biometrics, a Rishon Lezion, Israel-based biometric identification solutions provider, raised $15m in strategic funding.
The round was led by Gary Fegel-led GMF Capital. In conjunction with the funding, former Israeli Prime Minister Ehud Barak joined the company’s Board,
The company intends to use the funds for growth and market acceptance over the next few years.
Led by Aharon Zeevi Farkash, Founder and Chief Executive Officer, FST Biometrics provides In Motion Identification (IMID) solution which combines facial recognition and behavioral analytics to enable authorized individuals to be identified at a distance while in-motion. The product has a wide range of global applications across the public and private sectors and is already serving clients within the corporate, retail, financial services, telecommunications, residential and governmental sectors.
The company has a sales office in New York, NY.