Yet another Series A financing closes with SLP fellow Salil Prabhakar’s company Delta ID Inc. receiving $5 million from Intel Capital among various other investors. Prabhakar, a graduate from the Indian Institute of Technology went on to do his post-graduation from Michigan State University. He is an experienced Biometrics Professional who also has computer software knowledge. His company Delta ID Inc. focuses on bring secure and convenient biometric authentication to mass-market computing devices. Delta ID is based in Newark, California.

Delta ID's ActiveIRIS® technology includes patent-pending software to enable iris recognition using simple hardware that can be easily integrated in mainstream applications like mobiles and PC devices. This revolutionary technology is essentially different from other solutions available as it offers fast, convenient, secure and reliable iris recognition to the mass market.  That makes it the industry’s first iris recognition technology.

Erik Reid, vice president of Intel’s Mobile and Communication group, commented stating that biometric technology will increasingly become a part of how people interact with personal computing and mobile devices. Also, that Delta ID is a part of a key initiative of intel to eliminate the hassle of passwords and Intel intends to support and accelerate the adoption of iris recognition. The funding by Intel Capital, which is a global investment and M&A organization, has raised Delta ID’s total capital to $6.1 million. Funding will help the company meet rapidly growing demand for its products from some of the world's largest and most prominent device makers.

Sources

1. http://www.reuters.com/article/2014/09/04/deltaid-5m-fromintel-idUSnPn6R8G8g+94+PRN20140904

2. http://www.deltaid.com/

3. https://www.linkedin.com/in/salilprabhakar

Pragya Yadav is part of our talented team of Marketing Interns. She is a second year student of Lady Shri Ram College for Women, University of Delhi, is currently pursuing Economics. She has an enthusiastic and a passionate footballer and has represented her school, state and college at various tournaments from the past 5 years. In spite of being a resident of Delhi she loves to explore the city through the lens of a traveler. She’s a project executive at Enactus in her college. Enactus is a worldwide community of students and business leaders who enable progress for themselves and the community through entrepreneurial- based projects that empower people to transform opportunities into real sustainable models. On weekends, she volunteers with Becoming I where she’s a project coordinator and she teaches underprivileged kids sports.