Venture Capital News: Blink Identity Attracts $1.5M Seed Funding
2018-07-09
AUSTIN, TX, Blink Identity has raised $1.5M in a seed round led by Sinai Ventures.
Blink Identity, an Austin, Texas based startup announced today that they raised $1.5M in a seed round led by Sinai Ventures with the participation of Live Nation, Techstars, and other live entertainment related funds.
"Blink Identity has created a fast, accurate and user-first identity service for live entertainment venues, solving the bottleneck problem and creating a preferential experience for consumers and venue owners alike," says Jordan Fudge of lead investor Sinai Ventures. "We believe that this technology is widely applicable, and that Mary and Alex's experience developing biometric identification technology for the Department of Defense uniquely qualifies them to lead the charge."
The company, founded by Mary Haskett and Dr. Alex Kilpatrick, completed the Techstars Music Accelerator in Los Angeles this past spring, and is bringing fast and secure face recognition technology to live event venues and commercial spaces.
Blink Identity provides next generation identity-in-motion via their revolutionary technology that identifies people at a full walking speed - in the blink of an eye. "Blink is revolutionary. Currently, commercial biometrics are almost nonexistent -- primarily because other systems are high-friction, difficult to use, inaccurate and vague about privacy/data protections. Our unique experience at large-scale/in-motion identity, combined with our focus on usability and privacy, will allow us to lead adoption in the commercial sector as well as open up new markets."
The company has secured an initial partnership with Live Nation, the world's largest entertainment company, to leverage early pilot programs in a variety of venues.
About Blink Identity:
Blink Identity's revolutionary identity-in-motion technology identifies people as they walk past a sensor at full walking speed, enabling convenient, high speed identification to provide access control and personalized customer experiences. The founding team has spent the last decade building and deploying large scale biometric identification systems in the Middle East for the Department of Defense and are bringing their expertise to the commercial market to provide security, access control and VIP customer experiences.
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