Saturday, June 30, 2018

Veridium raises $16.5 million for biometric authentication

Veridium, a start-up based in Quincy, Mass., announced $16.5 million in Series B funding for its biometric authentication solutions.

Veridium offers a software-only biometrics platform that enables users to replace passwords, tokens, OTPs or swipe cards with multiple biometrics from their smartphone. The solutions include native device sensors such as face and fingerprint, and Veridium’s 4 Fingers TouchlessID. The result is increased security, improved convenience and user experience; all while reducing fraud at a lower total cost of ownership than traditional multi-factor authentication (MFA) solutions.



  • In May, Veridium announced that it had been selected by a multinational Swiss bank to replace passwords, tokens and swipe cards, validating the need for stronger more user-friendly authentication processes.

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