December 13, 2013
The Electronic Access Control Market is estimated to reach $16.3 Bn by 2017 and is increasing at a CAGR of 7% according to Reportlinker.com. On 2nd December 2013, Zwipe launched a biometric access card with fingerprint touch sensors with the help of a firm called Fingerprint Cards. The new card is ISO 14443 compliant and is multi-functional. Interest in Authentication in general and Biometric access in particular, is at an all time high in technology circles now (partly due to iPhone 5s).
Zwipe was founded in 2009 and is headquartered in Norway. The management team includes Kim Kristian Humborstad (CEO), Steffen Larsen (CFO) and Pete Lowe (CTO). On December 10th, Zwipe announced that it had raised an additional $3.5 Mn in Series A funding. $2.5 Mn came from a private placement while $1 Mn was given by the Government of Norway as a grant.
This additional funding further solidifies Zwipe’s vision of our product, our technology and the market, said CEO Kim Kristian. Because the Zwipe Access product is the only card on the market that protects user data by keeping biometric information on the card itself, not a remote server, our product’s potential applications in the consumer market are nearly limitless, she added.
This is a video that shows you what Zwipe is all about:
About Zwipe’s platform:
Providing secure personal ID authentication in an easy-to-use portable device has been our goal. Together with FPC’s touch sensor, we have achieved this in our Zwipe Access biometric card, said Humborstad. The card provides a secure environment, protecting user data while still being able to communicate easily with access control systems using standard interfaces. FPC’s fingerprint sensors deliver the performance and functionality that our card product requires in an application where low power consumption and compact size are crucial.
Fingerprint Cards AB develops, produces and markets biometric components that verify the person's identity through the analysis and matching of an individual's unique fingerprint. The technology comprises of processors, biometric sensors, algorithms and modules that can be used separately or in combination with each other. Recently, the company teamed up with security services provider Nok Nok to deliver an infrastructure solution for online authentication by making use of fingerprint sensors on tablets and smartphones.