AOptix receives $65 million in funding
03 February, 2010
category: Biometrics
AOptix Technologies, a developer of iris-based biometric systems, has raised $65 million in funding from seven firms, according to a Silicon Valley San Jose Business Journal article.
The fund raising, which happened in four rounds, involved funds from Kleiner Perkins, Caufield & Byers, 3i Group plc, Clearstone Venture Partners, Lehman Brothers, DAG Ventures, Northgate Capital and Tenaya Capital. AOptix is hopeful that the funding will help drive their business receiving a high share of the projected $350 million to $560 million valued iris recognition market.
Read the full story here.