autonomous ID

regtechauthentication and fraud prevention

FOUNDING YEAR: 2009
LOCATION: Canada
Last Update: 08/09/2020

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About

autonomous_ID designs, develops and builds wearable technology —shoe insoles that identify wearers within a few steps and track wearers' health and fitness through their unique walks. After three years of research and development, autonomous_ID was founded in 2009 with a mission to develop robust, self-contained biometric identification and monitoring technology for use by the insurance, corporate, health and fitness industries. A strong team of management, science and engineering professionals leads autonomous_ID’s research and commercialization efforts. These efforts are based on a foundation of biometrics, autonomous systems, artificial intelligence and analytics technologies.

Focus

PRODUCTS & SERVICES

Bio_Sole® is a unique shoe insole system that establishes user identity and monitors user health. Bio_Sole is ideal for the insurance industry, helping it to track customer wellness and build better products. For each user, Bio_Sole creates a Pedo_Biometric® signature by measuring the way that person walks. This signature confirms the identity of the Bio_Sole user and protects that user’s personal identity and information from being exposed to unauthorized persons. This signature can be monitored over time to identify changes that might indicate injuries or health risks. The Bio_Sole system has five components: shoe insoles containing electronic sensors, computer applications to view and monitor the data gathered by the insole, a system administration tool, security link devices and cloud-based databases to store and analyze user data. The data gathered and analyzed by Bio_Sole helps insurance providers to monitor individual users and track health issues in the population at large. In this way, Bio_Sole helps insurance providers to: • Create customized products for specific health insurance customers by tracking their activity levels, weights, heart rates, indicators for mobility-related disease and more. • Promote products to particular market segments based on population profiles. • Plan future insurance products by gaining a better understanding of the requirements of particular groups. Bio_Sole is also an ideal health tracking tool for Mobile Health (mHealth), health care providers, medical researchers, athletes and coaches. Corporate security providers and banking institutions can also benefit from Bio_Sole’s biometric identity confirmation, which helps them to protect their customers and their own assets.

PRIMARY PROBLEM SOLVED

Insurance companies have difficulty accessing quality health data, leading to inaccurate pricing models, a poor understanding of coverage risks and dissatisfied customers. Bio_Sole® solves this problem by providing insurers with accurate, secure and timely health and fitness data about their customers and the general population, as well as advanced calculations to better determine insurance risk. Insurance customers feel a lack of control over the cost and coverage of the insurance they purchase. Using Bio_Sole, they can easily see how their fitness level, risks for future disease and other health markers affect their insurance costs and coverage. They can adjust their lifestyles to reduce their insurance costs and effectively plan for their future insurance needs. In these ways, Bio_Sole’s up-to-date, confidential data helps insurers and their customers to create customized, appropriately priced, valuable insurance products.

company provided insights

Traction

REVENUE

$0 - $99k

People

BOARD MEMBERS AND ADVISORS

Todd Gray

William S. (Bill) Bates

Faye Sahai

Steven Sandquist

KEY EMPLOYEES:

Dr. Vladimir Polotski

Dr. Bernard Grisoni

Tony Robinson

William S. (Bill) Bates

Barry Smale

Stephen Doyle

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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autonomous_ID Canada Inc.

About

autonomous_ID designs, develops and builds wearable technology —shoe insoles that identify wearers within a few steps and track wearers' health and fitness through their unique walks. After three years of research and development, autonomous_ID was founded in 2009 with a mission to develop robust, self-contained biometric identification and monitoring technology for use by the insurance, corporate, health and fitness industries. A strong team of management, science and engineering professionals leads autonomous_ID’s research and commercialization efforts. These efforts are based on a foundation of biometrics, autonomous systems, artificial intelligence and analytics technologies.

Focus

PRODUCTS & SERVICES

Bio_Sole® is a unique shoe insole system that establishes user identity and monitors user health. Bio_Sole is ideal for the insurance industry, helping it to track customer wellness and build better products. For each user, Bio_Sole creates a Pedo_Biometric® signature by measuring the way that person walks. This signature confirms the identity of the Bio_Sole user and protects that user’s personal identity and information from being exposed to unauthorized persons. This signature can be monitored over time to identify changes that might indicate injuries or health risks. The Bio_Sole system has five components: shoe insoles containing electronic sensors, computer applications to view and monitor the data gathered by the insole, a system administration tool, security link devices and cloud-based databases to store and analyze user data. The data gathered and analyzed by Bio_Sole helps insurance providers to monitor individual users and track health issues in the population at large. In this way, Bio_Sole helps insurance providers to: • Create customized products for specific health insurance customers by tracking their activity levels, weights, heart rates, indicators for mobility-related disease and more. • Promote products to particular market segments based on population profiles. • Plan future insurance products by gaining a better understanding of the requirements of particular groups. Bio_Sole is also an ideal health tracking tool for Mobile Health (mHealth), health care providers, medical researchers, athletes and coaches. Corporate security providers and banking institutions can also benefit from Bio_Sole’s biometric identity confirmation, which helps them to protect their customers and their own assets.

TOP PROBLEM SOLVED

Insurance companies have difficulty accessing quality health data, leading to inaccurate pricing models, a poor understanding of coverage risks and dissatisfied customers. Bio_Sole® solves this problem by providing insurers with accurate, secure and timely health and fitness data about their customers and the general population, as well as advanced calculations to better determine insurance risk. Insurance customers feel a lack of control over the cost and coverage of the insurance they purchase. Using Bio_Sole, they can easily see how their fitness level, risks for future disease and other health markers affect their insurance costs and coverage. They can adjust their lifestyles to reduce their insurance costs and effectively plan for their future insurance needs. In these ways, Bio_Sole’s up-to-date, confidential data helps insurers and their customers to create customized, appropriately priced, valuable insurance products.

PRODUCT DEVELOPMENT STAGE

MVP

PRODUCT DEVELOPMENT COMMENT

Product and services are ramping to identity trial programs, health and wellness and mHealth clinical programs in Canada, the US and abroad.

KEY DIFFERENTIATORS

Frictionless Biometric identity Self-contained Cloud based biomarker research for disease states AI based Insurance

PRIMARY CUSTOMER TYPE

Enterprise - Retailers

Small And Medium Business - Other

Traction

ANNUAL REVENUE:

$0 - $99k

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

CHANNEL STATUS

CHANNEL SECURE

People

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES