Validity, Inc., a San Jose, California-based company that develops biometric fingerprint solution for information, communication and entertainment devices, has closed a $12.6m Series D financing round. The investment was led by a major new investor, Panorama Capital, with participation from existing backers TeleSoft Partners, Crosslink Capital, Qualcomm Ventures, and VentureTech Alliance.
This additional funding will enable the company to continue to accelerate its technology roadmap and pursue new market opportunities. Among other custmers, Validity has recently attracted PC OEMs including HP and Dell.
The company’s biometric security products include features such as password replacement, identity verification, centralized management for corporate network security, secure wireless transactions, protection of portable data, and physical access control.
FinSMEs
20/07/2010