BEIJING and LOS ALTOS, Calif., Sept. 11, 2014 /PRNewswire/ -- Alliance Development Group (ADG) is pleased to announce that its client, EyeVerify (www.eyeverify.com), a leader in biometric solutions for smartphones, has completed a US$ 6 million Series A funding round which was highlighted by a major investment from Qihoo 360, China's leading security, search, and mobile internet company, in addition to investments from a major android device OEM, Sprint, and Wells Fargo.
EyeVerify's industry leading biometric solution solves a major problem for consumers and businesses in security and passwords. EyeVerify provides a unique solution that can be leveraged by smartphone and tablet vendors using existing smartphone cameras without additional hardware.
"EyeVerify is a great company with a software-only biometric solution, which is an excellent fit for device OEMs and internet companies. We are happy we could assist and work with such a strong team and technology," said Chris DeAngelis, GM of Alliance Development Group (ADG) in China.
"ADG played a crucial role in bringing Qihoo and EyeVerify together and in supporting us every step of the way in China. Being able to leverage ADG's relationships, experience in China, and deal expertise were the keys to success for us and why we choose ADG as our partner in China. As a result of our effective collaboration with ADG, we are looking forward to further successes coming out China with major smartphone OEMs and solution providers," said Toby Rush, CEO of EyeVerify.
About Alliance Development Group (ADG)
Since 2001, ADG has provided leading global technology companies with China market expansion, business development, and strategic investment services. ADG helps companies assess their strategic options in China and execute effective business development and corporate development strategies. See http://www.alliance-dg.com for more information.
EyeVerify Inc. is the creator of Eyeprint ID™ - transforming a picture of your eye into a key that protects your digital life. Eyeprint ID is a highly accurate biometric technology for smart devices that delivers a password-free mobile experience and convenient, secure, private authentication at a glance. This patented solution uses the existing cameras on mobile devices to image and pattern match the blood vessels in the whites of the eye. See http://www.eyeverify.com for more information.
Alliance Development Group (ADG)
SOURCE Alliance Development Group