Thursday, March 19, 2009

AOptix Secures $12.9 Million in Venture Funding

AOptix Technologies, a start-up based in Campbell, California, secured $12.9 million in new venture funding for its advanced iris recognition systems and ultra-high bandwidth wireless optical communication solutions. AOptix is currently in production and launch of the company's first commercial product release for the iris biometrics market, the InSight 2 Meter Iris Recognition System.

The financing round was led by Northgate Capital of Danville, CA. Participation in the round also included leading venture capital firms, Kleiner Perkins Caufield & Byers, Clearstone Venture Partners, DAG Ventures, W Capital Partners and Lehman Brothers.

AOptix said recent defense contract wins have also accelerated the company's free space optical (FSO) communications division. Ultra-high bandwidth optical wireless connections at long distances are achieved through their patented adaptive optics correction technology.

See also