Normee raises $2.5M to fund expansion of palm print and vein biometrics to overseas markets
Summary
Japanese startup Normee, which develops software for palm print and vein biometrics on mobile devices, has raised 270 million yen (just over US$2.5 million) in a funding round led by San Jose-based Pegasus Tech Ventures, with plans to invest in overseas expansion. The cloud-based technology provides accurate authentication on any mobile device with the standard visible-spectrum camera, according to the announcement as translated by Google. The biometric software works on Android, iOS and Windows platforms, and is protected by patents in 11 countries. The contactless authentication method can be used for various applications, including payments, the company says. The technology is certified to the international Common Criteria standard for IT security, according to the announcement.