sandra dierstein
Singapore / Dubai (SGP)
Role(s):
Other
confidential
Find More Startups
Startup
Location:
italy
Industry:
Technology/Web
Year Founded:
2005
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Incorporated Outside United States
Description:
The company is headquartered in Italy and has a fully independent subsidiary linked by cross-investment based in Lebanon. The lebanon entity has the exclusivity rights for the Middle East and Africa region.
The company has developed a new unique biometric authentication technology. The technology is globally patented and duly copyrighted and allows for the integration of a biometric sensor with specific physical and electronic characteristics into traditional smartcards to verify the identity of the owner through its fingerprint.
The advantage of this technology is that the biometric information remains saved on a chip on the smartcard and does not require external storage on a database or server. Hence, the sensitive biometric information does not leave the owner which ensures full control over ones privacy and prevents from misusage. These features allow for the usage of this technology in the private sector in addition to governmental.
The technology offers a large platform of applications such as traditional smartcards / credit cards, access control cards, passports, voting cards, etc.
The company has so far been funded by the shareholders as well as through subsidies from the Italian Government. The industrial prototype has recently been completed and tested and they are now preparing the commercial prototype which will be introduced to the market as pilots.
We are looking for an investor to fund the development of the commercial prototype, expand the team, set up a proper distribution structure and expediate next steps.