Belfast-based B-Secur has raised £3.5m in funding from a syndicate of investors including Accelerated Digital Ventures (DAV) and Kernel Capital.
B-Secur, which has patented a series of biometric solutions, uses an individual’s heartbeat to provide authentication.
The company is currently active in the UK, US and Ireland.
Alan Foreman, the CEO, said: “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.
“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.”
Michael Dimelow, head of investment for ADV, commented on how the firm’s technology harnessed the unique power of the human heartbeat to serve customers across the finance, healthcare, automotive and construction industries.
“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.”
Jayne Brady, a partner at Kernel Capital, added: “B-Secur has a strong management and technical team which has developed a new high performance, patent-protected, heartbeat signature-based biometric authentication product. We believe B-Secur will play a significant role in the global development of next generation security.”