NEC Corporation, Tano Capital and Min Aik Technology have invested $19.5 million in Series B funding in Tascent, a U.S.-based biometrics company best known for its iris recognition solutions.
NEC has been developing biometric identification technologies for more than 40 years. Tascent, established in 2015, provides multimodal biometric identification systems, including optical control technology to remotely capture high-quality iris images at high speed, and a user interface that guides users in capturing accurate biometric info.
According to the release, “the investment will enable the companies to jointly enhance the capacity of iris recognition, using Tascent’s optical control and UI technologies and NEC’s advanced biometric engines, and create a next generation iris authentication offering for the public safety market.”
“NEC has long delivered the benefits of multimodal biometrics with our industry-leading solutions, and we expect that Tascent’s expertise in technology innovation, solution development, and product design will help NEC to further grow the biometric identity market,” said Masakazu Yamashina, Executive Vice President, NEC Corporation.
“Biometrics has become an important part of our daily lives, thanks to solutions that are both accurate and intuitive,” said Joey Pritikin, Founder and Co-CEO of Tascent. “Our global partnerships in technology, sales, and support have played a pivotal role in the company’s success, and the participation of NEC and Min Aik in our B Round will help drive Tascent’s future growth.”