ALBUQUERQUE, N.M. — Lumidigm Inc. has closed on an $8.1 million funding round to bring its patent-protected LightPrint technology to market.
Lumidigm's LightPrint technology utilizes multispectral imaging to compare an individual's external fingerprint with the internal "fingerprint" below it. This process defeats fingerprint "spoofs" and works in difficult conditions where other biometric methods fail.
Todd Stevens, managing director of Wasatch Venture Fund, said "Lumidigm's robust biometric technology will enable convenient and secure access to physical and logical environments. Wasatch has great confidence in Lumidigm's leadership."
Lumidigm's chief executive officer Bob Harbour said, "Our investors and sponsors have given us the opportunity to bring this important access control tool to market. With identity theft costing over $50 billion per year, people are demanding to know that the people with whom they are conducting business are who they say they are."
