Validity eyes mobile commerce biometric solutions with funding

Natural ID solutions

Validity Sensors, a provider of ID authentication, has secured USD20 million in Series E financing (view press release). The first closing of USD10 million occurred on October 4th, 2012 and was led by TeleSoft Partners, along with full participation from existing investors, including Crosslink Capital, Panorama Capital, Qualcomm Ventures, and Venture Tech Associates.

The funding will be used to develop ID solutions for mobile payments and fingerprint sensor technologies for smartphones and tablets.

As the lead investor in Validity, we are delighted to see confirmation of the value of fingerprint sensors in the evolving mobile device marketplace,” said Arjun Gupta, MD of TeleSoft Partners. “Not only will the technology significantly improve the security for mobile devices and mobile ecommerce, it also enables individually customized ecommerce services and finger specific user interface opportunities.”

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