EyeVerify
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| Private | |
| Industry | Biometrics |
| Founded | 2012 |
| Founder | Toby Rush |
| Headquarters | Kansas City, Missouri |
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Key people
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CEO/Founder Toby Rush EVP Global Sales & Marketing Chris Barnett |
| Website | http://eyeverify.com/ |
CEO/Founder Toby Rush
CFO Tom Jantsch
Chief Scientist Reza Derakhshani
VP Engineering Jeremy Paben
EyeVerify, Inc. is a biometric security technology company based in Kansas City, Missouri. Its chief product, Eyeprint ID, provides verification using eye veins and other micro-features in and around the eye. Images of the human eye are used to authenticate mobile device users. EyeVerify licenses its software for use in mobile banking applications, such as those offered by Tangerine Bank, NCR/Digital Insight and Wells Fargo.
EyeVerify is part of the Kansas City Crossroads neighborhood alongside several other tech companies. EyeVerify's flagship product is Eyeprint ID, a system that authenticates users by recognizing patterns of blood vessels that are visible in the sclera, the whites of the eyes, as well as other eye-based micro-features.
An independent assessment by iBeta determined that Eyeprint ID meets the requirements for inclusion as a built-in subsystem in an Electronic Prescription of Controlled Substance (EPCS) Application.
Entrepreneur Toby Rush founded the company in 2012, some months after visiting the lab of University of Missouri-Kansas City professor Reza Derakhshani, who developed the eye vein verification technology. Derakhshani holds the patent to Eyeprint ID and now serves as the company's chief science officer.
In September 2016, Ant Financial, the financial services arm of Alibaba Group, acquired EyeVerify for an estimated $100M.
Prior to that, Wells Fargo, Sprint, Qihoo 360 and Samsung Electronics had invested more than $6 million in EyeVerify. Mid-America Angels and Nebraska Angels were also investors.
The company was an early participant in the Wells Fargo Startup Accelerator for innovators in mobile security.
In April 2016, Tangerine Bank became the first Canadian financial institution to offer Eyeprint ID. The same month, Wells Fargo discussed its summer 2016 implementation of Eyeprint ID with the Wall Street Journal. The large bank mentioned that it had "tested voice and facial recognition technologies but found that each was subject to vagaries in the environment," and that "Eyeprint ID works correctly more often and is more discrete."
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Wikipedia