Vkansee raises $10m for under-glass sensorDecember 15, 2016 | by Planet Biometrics
New York-based fingerprint solutions firm Vkansee has raised $10 million in funding to develop an optical under-glass fingerprint sensor.
The company says that with this new funding, Vkansee will begin mass producing evaluation kits for their higher resolution sensors to be tested and ready for device integration in 2017.
Vkansee said it has patented its ultra-thin optical fingerprint sensor, which is expected to hit the market in 2017.
The new financing comes from existing angel investors and other institutional investors, including Infotech Ventures, Yunnan Huizhong Fund, Shenzhen Qianhai Greatwall Fund, and Superpix Micro Technology.
To date, the company has raised $12 million.
“Bringing security-grade optical fingerprinting to personal devices has always been our priority and passion, and this recent infusion of capital will support delivery of this technology directly to consumers,” said Jason Chaikin, president of Vkansee, in a statement. “We’re excited about the initial responses received from major industry players and look forward to seeing our sensors in the market and on phones and other technology in the near future.”
Earlier this week, the company signed a licensing deal with Precise Biometrics for the latter’s mobile fingerprint algorithm, Precise Biomatch Mobile.