Validity Sensors, a San Jose, California-based provider of fingerprint sensor technologies, has raised $$10m in the first close of its Series E financing.
The round was led by TeleSoft Partners, with participation from existing investors Crosslink Capital, Panorama Capital, Qualcomm Ventures and Venture Tech Associates.
The company intends to use the capital to accelerate the development of core technologies and other Natural ID solutions targeted at mobile phone and tablet markets and applications.
Led by CEO Rob Baxter, Validity has developed patented LiveFlex® fingerprint sensor technology that enables authentication, mobile payments, and touch-based navigation for applications ranging from under-glass sensors for smartphones; buttons for handsets and tablets; and thin palm-rest designs for Ultrabook™ computers.
FinSMEs
18/10/2012