Wednesday, August 22, 2012

AOptix Raises $42 Million for Biometric Verification and Wireless

AOptix Technologies, a start-up based in Campbell, California, secured $42 million in a Series E round of funding for its advanced iris recognition systems and ultra-high bandwidth wireless optical communication solutions.

AOptix conducted pioneering research into adaptive optics technologies and then worked with DARPA and the U.S. military to develop advanced mobile wireless networks for high speed air-to-ground and air-to-air communications. The company currently provides accurate, automated identity verification using iris recognition. The AOptix identity verification solution is already being used in locations such as Gatwick Airport in London and all the air, land and sea border crossings in Qatar.

The new funding brings the total investment in the company to date to $123 million. All of the company'ss existing investors Clearstone Venture Partners, DAG Ventures, Kleiner Perkins Caufield & Byers, Northgate Capital and W Capital Partners participated in the round and were joined by a new investor, True Ventures.