View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
August 21, 2014

Eyeball selfie creator raises $6m in funding

The company’s technology helps secure banking transactions using mobile devices.

By CBR Staff Writer

EyeVerify, creator of eye detection ID verification technology developer has raised $6m in series A equity funding from Chinese company Qihoo 360, Sprint, and Wells Fargo.

The company plans to use the funding to speed up adoption of its Eyeprint ID biometric technology through key channel markets which includes mobile security, telecoms, financial services, healthcare and government.

EyeVerify lets users hold their smartphone about 8 inches from their faces and take picture of their eyeball.

By matching the blood vessels within the white portion of the eye, the technology allows users to unlock their bank account.

The new technology popularly known as eyeball selfie, eliminates the security threats involving stolen password and ID theft faced by users and banking services.

EyeVerify is the first participant in the Wells Fargo Startup Accelerator programme which helps startups with innovative technology to shape future customer experiences in financial services.

EyeVerify founder Toby Rush said: "We are fortunate to have a breakthrough technology that delivers a simple, secure, and private solution that eliminates password pain and password security risk, addressing a massive and escalating market need."

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.