OneVisage SA secures seed financing from financial and strategic investors, including Polytech Ecosystem Ventures, SICPA Finance and angels. The funding will accelerate the industrialization of its patent pending 3DAuth™ solution.
LAUSANNE, SWITZERLAND – February 28th 2017 – OneVisage SA, the award-winning and leading 3D facial authentication company today announced that is has closed its first venture capital financing. The seed round has been led by Polytech Ecosystem Ventures with participation from SICPA Finance, a leading government security company, and angels, including Maxim Lyadvinsky.
The funds will be used to secure sales and R&D talents to bring 3DAuth™ technology to a first production-ready version and enable initial production later this year. Currently OneVisage works closely with early adopter customers – including leading banks in USA and Switzerland. The pilots will prove the superior level of security, universality – more than 80% of smartphones in the market – and architecture flexibility compare to other biometric solutions, while preserving great user-experience and cost-effectiveness
“Thanks to our 3D facial authentication technology and solutions, financial services, cybersecurity, identity & access management and healthcare providers, will soon propose simple, secure, universal and cost-effective authentication solutions to end-users. Unlike other biometric modalities, 3DAuth™ technology is hardware agnostic and runs on any consumer-grade mobile device using a 0.3 MP frontal camera. This turns to be a major game changer as OneVisage can potentially enable hundreds of millions of people on the five continents to access digital services in a truly secure way, regardless if they own low-entry or high end mobile devices.” said Christophe Remillet, CEO of OneVisage.
“OneVisage enables financial services and Identity Management providers to verify the identity of customers and protect the digital identity of individuals.” said Polytech Ecosystem Ventures’ manager Guillaume Dubray. “As cybercrimes now represent more than $ 400 billion to businesses worldwide per year, it becomes urgent to stop identity frauds without sacrificing user-experience. OneVisage has developed a simple and strong 3D facial authentication technology and is positioned to become a key player in the digital identity market.”
« Future mobile phones equipped with 3D cams will enable reliable password-less authentication for mobile users. OneVisage is the perfect fit here, offering strong authentication, that is stronger than 2D face recognition and stronger than fingerprint. » said Maxim Lyadvinsky.
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OneVisage® is a leading cyber-security company founded in 2013 headquartered in Lausanne, Switzerland, that enables financial services, Identity & Access Management providers and cyber-security integrators to reduce identity theft and transaction abandonments. Our 3DAuth™ solutions provide higher security and greater user’s experience than passwords, security tokens or other biometric modalities at a fraction of their prices by using cutting edge 3D facial authentication technology running on consumer-grade mobile devices. OneVisage® has been awarded Edison Awards 2016 – ICT Security gold medal, Red Herring 2015 Top 100 Europe and CTIA Startup Lab 2015 – Identity Management Winner. OneVisage® is a member of the FIDO alliance and European Association for Biometrics (EAB) associations.
About Polytech Ecosystem Ventures
Polytech Ecosystem Ventures is an early stage VC firm based in Switzerland and in Silicon Valley with a strong international focus. Our strategic location at EPFL in Lausanne grants us access to one of the most dynamic and recognized innovation centers in the world, while our permanent presence in Silicon Valley gives us access to an ecosystem entirely dedicated to start-ups. https://polytechecosystem.vc/
Founded in 1927 and headquartered in Lausanne, Switzerland, SICPA is a trusted global provider of security inks as well as secured identification, traceability and authentication solutions. With high-technology security inks at the core of its expertise, the company protects the majority of the world’s banknotes, security and value documents, as well as a wide range of consumer and industrial products. It offers solutions and services to governments and industry, ensuring product authentication, traceability and protection as well as tax reconciliation. www.sicpa.com
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