In August, Kansas City mobile biometrics startup EyeVerify made big news with the closing of its $6 million series A financing round. The headlines at the time were dominated by the names of investors Wells Fargo, Sprint, Qihoo 360 and Samsung, but EyeVerify has made more than just these few friends with its mobile biometric solution.
Today, Alliance Development Group (ADG), a company that aids companies with China market expansion, business development and strategic investment, announced that it played a key role in facilitating the relationship between EyeVerify and Qihoo 360 during the investment dealings.
Toby Rush, founder and CEO of EyeVerify corroborates ADG’s role in the proceedings, calling the company’s involvement crucial in bringing the two companies together.
“Being able to leverage ADG’s relationships, experience in China, and deal expertise were the keys to success for us and why we choose ADG as our partner in China,” says Rush. “As a result of our effective collaboration with ADG, we are looking forward to further successes coming out China with major smartphone OEMs and solution providers.”
Chris DeAngelis, general manager of ADG in China, comments,”EyeVerify is a great company with a software-only biometric solution, which is an excellent fit for device OEMs and internet companies. We are happy we could assist and work with such a strong team and technology.”
EyeVerify’s technology uses the vascular patterns on the side of a user’s eyeball in order to identify and authenticate. The biometric software solution is optimized for mobile, using the front facing camera on a device in order to capture the vein patterns. Quick, easy and accessible, EyeVerify’s Eyeprint ID has a wide range of applications including BYOD, heathcare and finance.
At next week’s Global Identity Summit (GIS) in Tampa, Florida, EyeVerify will be at booth 600 on the exhibition floor. Recently, our sister site FindBiometrics interviewed Toby Rush on his company’s new investors, what to expect from EyeVerify at GIS and the eyeprint advantage.
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