AGNITIO, a Leading Voice Biometric Company, Secures [euro] 5.5 Million in Second Round of Funding.MADRID, Spain -- Agnitio, Nauta Capital and Elaia Partners today announced that Agnitio, a leading voice biometric company headquartered in Madrid, Spain, has completed a new capital increase of [euro] 5.5 million. This second round of funding has been led by Elaia Partners and includes a significant participation of Nauta Capital, leader of the previous funding round of [euro] 2.7 million in December 2007. Elaia's participation in this funding round includes a co-investment of Neotec Capital Riesgo as a consequence of their recently announced partnership. Xavier Lazarus, General Partner at Elaia Partners, "Agnitio has developed a suite of disruptive security products based on a leading edge voice biometric technology. Already leaders in Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , their offering also brings a new way of considering authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. to many markets, including the telecommunication or the home banking industries. This amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. combination of unique technology and strong market opportunities has convinced us to be part of this venture: We are building a new leader in security." Carles Ferrer, General Partner at Nauta Capital, "We are delighted that Agnitio has strengthened its leadership in the voice biometric space in 2008. We are completely satisfied with the incorporation of Elaia into Agnitio's shareholding structure. It is a significant step towards Agnitio's consolidation as a leader in its market segment" Emilio Martinez, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Agnitio, 'We are delighted with this second round of funding from Nauta and Elaia especially in the current climate of severe economic conditions. This is a momentous mo·men·tous adj. Of utmost importance; of outstanding significance or consequence: a momentous occasion; a momentous decision. milestone for Agnitio to further expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. achieving our worldwide growth plans in a rapidly expanding market and to consolidate our vision as one of the leading players in the voice biometric market.' About Agnitio (www.agnitio.es) Agnitio develops state-of-the-art voice biometric technology based on a text independent and language independent approach allowing automatic verification of a speaker's identity. Agnitio's portfolio of products addresses a wide range of HLS (Hue Lightness Saturation) A color space that is closely related to HSB, except that Brightness is called Lightness and is measured from 0 to 1 rather than from 0 to 100%. See HSB. and corporate applications with deployments in over 22 countries worldwide About Elaia (www.elaia.com) Elaia Partners is a Paris based independent venture capital firm with a targeted investment focus on digital technologies About Nauta (www.nautacapital.com) Nauta Capital manages venture capital funding specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. in investing in technology companies in Europe and USA. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion