Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 280.765 Million

Biometric Security startup B-Secur Raises £3.5 million

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B-Secur has created and patented technology using a person’s unique heartbeat pattern to verify their identity.

B-Secur, a Belfast-headquartered company working on biometric security solutions, has secured a  £3.5 million investment from various investors, including Accelerated Digital Ventures (ADV) and Kernel Capital.

The company—which operates in the UK, US and Ireland, and is also a resident of the SHACK15 space in London— has created and patented various technologies using a person’s unique heartbeat pattern to verify their identity.

The system could be used in finance and banking , but also in sectors such the automotive industry, where sensors could be used not only to authenticate the driver’s identity, but also to monitor their stress or fatigue levels.

Founded in 2014, B-Secur has raised £6 million in funding so far: a previous £2.5 seed investment from Rudolf Wolff and  Wharton Asset Management was concluded in March 2015.

Company CEO Alan Foreman released a statement  on the investment: “This announcement underscores the growing demand from organisations to provide better security to their customers in this digital world, amid an escalation in high-profile cyber attacks. I believe that our ECG authentication technology is crucial to supporting this global challenge,” he said.

“We are thrilled to gain the backing of ADV, Kernel and others. This will help us to grow significantly in the next 12 months and continue to invest in world-class science and engineering in the UK and beyond, and we are proud to have the opportunity to build a truly global business solving a serious problem that each of us faces every day.”

ADV’s head of investment Michael Dimelow also commented on the round: “ADV is excited to be supporting B-Secur as they deploy their market-leading patented software across all forms of devices including mobile and wearables,” he said.

Image via bit.ly/2tYOaZY

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