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Bay Area Tascent Emerges With $18.5 Million Series A Round



9/18/2015 7:17:22 AM

Tascent Emerges With $18.5 Million in Series A Funding to Expand Global Biometric Identity Presence

LOS GATOS, CA--(Marketwired - September 17, 2015) - Tascent, Inc., a biometrics and identity innovation company, today announced completion of an $18.5 million Series A funding round to build upon the success of its groundbreaking biometric technology platform.

The Series A round enables Tascent to develop new high-throughput iris recognition and mobile biometric identity solutions, enhancing its product lineup and further expanding its presence in government, enterprise and other market sectors.

Tascent CEO Dean Senner said, "Over the past few years, biometrics has become a positive and impactful aspect of our daily lives. We're excited to build upon this momentum with highly accurate and easy-to-use identity solutions that contribute to a safer and more efficient world."

He added, "Our strength in iris recognition, along with products that embrace multiple biometric modalities including fingerprint and face recognition, empowers us to deliver flexible and customizable solutions to customers globally." With its strong core team, unique technology platform and emerging global partnerships, Tascent is well-positioned to immediately impact the biometrics market. Earlier this year, Tascent acquired AOptix Technologies' Identity Solutions business unit.

One of the few companies to offer solutions for both fixed and mobile iris recognition, Tascent's existing customers include Dubai International Airport, London Gatwick Airport, and several high security facilities in the US. The company has a global presence with offices in the US, UAE and Singapore. Tano Capital, headquartered in San Mateo, CA, led the Series A round. Tascent will be featuring its high-throughput iris recognition systems and a preview of its next generation mobile identity product family at the Global Identity Summit in Tampa, Florida (Sept. 21-24).

About Tascent, Inc.

Tascent develops and deploys biometric identity products and solutions that excel in challenging real-world environments. Each year, tens of millions of people rely on Tascent's biometric technologies for secure, seamless travel and commerce. Founded in 2015, Tascent has a strong heritage in iris recognition and multimodal high-throughput and mobile biometrics stemming from its acquisition of AOptix Technologies' Identity Solutions business unit. Tascent is based in Silicon Valley, CA and supports customers and partners globally with offices in Washington, DC, Dubai and Singapore.

http://www.tascent.com

CONTACT INFORMATION

Media Contact:

Paul Wilke
Upright Position Communications
+1-415-881-7995
paul@uprightcomms.com

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