Switzerland may be a county known for its watches, but perhaps none quite like this. This new watch uses distinct, individual vein recognition from a person’s wrist as a form of identification. In this way, it provides secure and seamless authentication to your devices, services and premises.
HOW THEY’RE DISRUPTING
The BioWatch is taking a watch and transforming it into an ID hub, replacing the need for badges, cards, keys and passwords, pin codes and biometrics. The device will typically link via an app with a person’s car or motorbike to prevent theft, as well as allowing fast passage through company security gates. It also enables couples to share a car key virtually.
Cybersecurity companies saw a record number of funding deals in 2017, with a key area being within Identity Management. As the number of cyber attacks rise, the need to secure and authenticate data associated with identity is paramount.
INVESTMENTS AND FUTURE
BioWatch have raised $2.4m since the company was founded in 2015. Investors include FIT and Polytech Ventures. BioWatch also took part in the MassChallenge accelerator program, and recently won Global Pitch, a global online pitching competition.