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ID-U Biometrics Hires Focal Point Strategies for Round of Financing
Haifa, Israel – January 26, 2012 – ID-U Biometrics has hired Focal Point Strategies to help raise the latest round of financing for their innovative concept in biometric identification.
ID-U, and its founder, Dr. Daphna Palti-Wasserman, recognized early on that today’s biometric market requires a system that integrates smoothly into different platforms, is easy to use, inexpensive, and gives high performance even in uncontrolled and unsupervised environments. None of the existing identification methods can provide a suitable solution. To help solve those challenges Dr. Palti-Wasserman created ID-U.
ID-U offers a totally new and disruptive concept in biometric identification. It is the first stimuli-driven, dynamic, biometric system. The software based technology is based on the uniqueness of a person's eye-movement patterns. The person to be identified (user) watches a moving target (visual stimulus) on a monitor, while a small, low-resolution camera acquires the user's eye-movement response; a processing unit, either inside the local device or remotely located at another physical site, uses both the stimuli and response to identify the user. Equally important, it is easy and inexpensive to deploy.
Their solution is spoof proof (unlike existing solutions that use unchanging patterns) and software based. In addition, it offers many features unavailable on alternative solutions, like “Liveness Detection”, innovative Anti Phishing capabilities, methods to determine stress levels, abilities to trigger silent alarms in case of a forced identification process, and many more.
Steve Zeitchik, CEO of Focal Point Strategies, said “We are especially pleased to be working with ID-U. We are confident that their solutions and technology can be a game changer in the consumer market – including the growing mobile industry; the commercial market; and the defense industry – both military and homeland security.”
During the past 5 years in development, ID-U has won several prestigious awards globally, speaking to the credibility of the science behind the product and the potential of the technology in the marketplace.
Dr, Palti-Wasserman said “After years of significant research and development we are excited to have arrived at the point where we feel secure in introducing the world to the next generation of biometric identification in a time when security is more important than ever. We are enthusiastic to be working with Focal Point Strategies and are looking forward to the many exciting years ahead.”
ID-U is looking to close the round within the next quarter, and is looking to launch the product within the year.
ID-U Biometrics has hired Focal Point Strategies to help raise the latest round of financing for their innovative concept in biometric identification.
New Logic Leads has recently announced the hiring of Focal Point Strategies to spearhead their new finance division.
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