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ID-U Biometrics Hires Focal Point Strategies for Round of Financing
ID-U Biometrics has hired Focal Point Strategies to help raise the latest round of financing . ID-U offers a totally new and disruptive concept in biometric identification.Equally important, it is easy and inexpensive to deploy.
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.
About the companies:
Focal Point Strategies
With a strong background in business development, sales, and fundraising, the partners of Focal Point Strategies joined together to create a proven system of successful sales and marketing. With over 20 years of experience, the team at Focal Point Strategies possesses essential elements and resources for companies who need their quality technology, products and services to be brought to market with the professionalism it deserves to achieve the success their clients envision. http://www.focalpointstrategies.com
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ID-U has been committed to updated and cutting edge solutions in the biometric identification solutions for the past 6 years. Their protected technology has been recognized worldwide and has been the recipient of numerous awards and published in a number of prestigious publications. The ID-U advantages, which include accuracy, size, spoof resistance, real-world physical robustness and cost of deployment (all packed in an easy to use contactless and friendly interface), position ID-U as a disruptive technology for a wide range of applications and markets.
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Focal Point Strategies consults for companies of all sizes in a variety of industries for business development and fundraising, utilizing their extensive global network to seek out strategic partners ultimately facilitating their clients' success.