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News

Funding for multispectral fingerprint imaging.

Lumidigm : 30 January, 2008  (Company News)
Biometric fingerprint imaging specialists receive $7 million dollar funding for multispectral solutions for customers.
Lumidigm has completed a Series C $7 million funding round. 'Lumidigm is grateful for the continued support of our investor group,' said Bob Harbour, Lumidigm President and CEO. 'We are delighted to bring Sun Mountain Capital in as a new investor of Lumidigm.' Returning investors include Draper Fisher Jurvetson, Draper Fisher Jurvetson New England, Epic Ventures (formerly Wasatch Venture Fund), Intel Capital, International Venture Fund, Motorola Ventures, New Mexico Co-Investment Partners managed by Fort Washington Capital, and Solstice Capital. Epic Ventures led the round.

'Lumidigm has proven its ability to deploy its biometric solutions in critical real-world applications,' said Brian Birk, Managing Partner of Sun Mountain Capital. 'We see Lumidigm as an emerging market leader offering the next generation of biometric functionality.'

Lumidigm's expansion reflects high demand for its Venus Series fingerprint sensors. Introduced last summer, the V-Series sensor is a high-volume, easy-to-integrate product that improves the high-quality image capabilities of the award-winning J-Series sensor.

'Lumidigm has the strong support of an experienced and diverse group of investors,' said Stephanie Spong, Principal at Epic Ventures. 'Together we see the genuine need for biometric solutions, such as Lumidigm's multispectral imaging biometrics, that have been proven effective in the real world. These new funds will ensure Lumidigm's continued ability to serve its customers with the best biometric solutions in the industry.'
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