Investors in JENETRIC GmbH have closed a second round of financing. “The whole team impressed us with their determination, performance and ambitious plans for the future. We look forward to supporting their further development,” said Karin Rabe, Investment Manager at bm|t, the investment company of the Free State of Thuringia. Jenetric’s business angel Prof. Dr. Franz Schmidt and the early-stage investment company High-Tech Gründerfonds (HTGF) will remain financially engaged and thus enable the production and global distribution of the LIVETOUCH® quattro fingerprint scanner. Dr. Ansgar Kirchheim, Investment Manager at HTGF, said, “With the successful FBI certification and the start of production, we are pleased to support the large-scale market entry of JENETRIC.”
In September, JENETRIC very successfully introduced the world’s smallest ID-Flats scanner to the international market. Its transparent image sensor, based on optical TFT technology, combines the fingerprint capture area with the user display for instructions and real-time feedback. Funds from the second round of financing will be used to further expand the LIVETOUCH product family to collect additional biometric features.
JENETRIC GmbH was founded in 2014 in Jena, Germany – a location famous for cutting-edge optical technology – by engineers with significant experience in fingerprint technology and the development of biometric systems. The multidisciplinary team includes hardware and software specialists as well as production and sales professionals. The company follows a holistic approach in its product development with a clear and strong focus on customer requirements and the ambitious goal of improving living and working conditions via biometric systems.