Integrated Biometrics Announces New Equity Round
SPARTANBURG, SC–(Marketwired – Dec 5, 2017) – Integrated Biometrics today announced that the company recently closed on a $2 million equity financing round. The funds will support the company’s rapid global growth, including increased production to meet high levels of demand for its comprehensive family of FBI certified biometric fingerprint scanners. This transaction represents a private investment.
Integrated Biometrics is the industry leader in rugged, lightweight biometric fingerprint scanners. These FBI certified units range from single-finger to 10-finger sensors known for durability, compact design, and exceptionally low power consumption. Identity management solutions providers depend on Integrated Biometrics’ products to provide reliable results even under challenging conditions, such as daylight or bright lights, temperature extremes, dirty fingers, and mobile field operations.
“Demand for our solutions continues to increase at a tremendous rate,” said Stephen Thies, Chief Executive Officer of Integrated Biometrics. “That’s why we’re on both Inc. Magazine’s 5000 and the South Carolina 25 Fastest Growing Companies lists for two years running. This growth capital addresses working capital needs, enables capacity improvements, and supports engineering projects that will bring exciting new features to our product line.”
About Integrated Biometrics
Integrated Biometrics, LLC designs and manufactures FBI-certified fingerprint sensors for law enforcement, military operations, homeland security, national identity, election validation, social services, and a wide range of commercial applications. The company’s patented light emitting sensor technology enables lightweight scanners that outperform traditional prism-based devices in size, power consumption, portability, and reliability. Identity management solutions providers, government agencies, and corporations around the world rely on Integrated Biometrics’ products to enroll and verify individual identity quickly and accurately, even in remote locations.