OmniPerception wins investment for biometrics
Published:12-May-2005
By BR staff writer
Biometrics developer OmniPerception has received what it described as a multimillion-euro investment from venture capitalists that it plans to use to boost sales and marketing, and invest in its video software.
The Guildford, UK-based company, which uses technology developed at the University of Surrey, has targeted government and commercial markets in secure access control, civil identification, real-time image analysis, and surveillance.
OmniPerception claims that its advanced algorithms put it ahead of the competition. In trials of biometric passports, it boasts an accuracy rate of 98% while it says that its US-based competitors can only achieve 80% to 90%.
Funding came from Pentech Ventures and Iris Capital.
