Keio Launches Biometric Palm Authentication Network With $7M Raise • TechCrunch


You’ve probably heard of Keio. You probably saw the company’s first round of press in 2017 — almost two years after its founding. Or maybe you’ve seen the news wave riding around Amazon’s hotly embraced hand-scanner technology in 2020. You may have wondered exactly what is going on with the company in the interim.

“I think we were a little naïve in the beginning to underestimate the true complexity of this task,” said co-founder/CEO Jackson Klein. “He has been very involved in building a global identity solution. We’ve been in deep engineering mode for years. We’ve spent the past five years and millions of dollars building what we see as the first world-class biometric identity ecosystem.

It is not a special case in this regard. And if members of the press are willing to discuss your technologies at an early stage, it could mean your company is on the right track. But it’s important that the type of technology Kio has been working on gets it right, given the security, privacy and financial implications of biometrics.

Image Credits: Key

“That early press coverage was prematurely saying, ‘Hey, look what we’re doing,'” Klein added. It’s proven how long and hard it’s been down the road because of what we’re doing right and the reasons why other companies aren’t competing for the space. Then step back and say, ‘OK, we have a lot to build and we need to deploy this to the real world, work with real customers, work with real users and make sure we’re doing it right.

This week, the company got something to show for that work. Keio Network, which was propelled by a total of $7 million in seed funding, was previously in beta. It is a combination of hardware and software designed to bring palm scanning to a variety of markets and services. Today it is announcing the KioWave hand scanner hardware, the Kio Mobile app, the third-party partner program and the Kio Tag Cloud that “allow users to instantly and personally identify themselves based on a simple scan of their hand in any transaction they engage in. Key Network.

Keo’s team remains small with 33 remote employees, though Klein says the company is hiring about one a week. It’s not a huge development, although the startup at least seems to be bucking the current brutal trend in startup land.

Image Credits: Key

“One of the things we’ve gotten really good at is building a scalable supply chain. We recently deployed 15,000 devices, and we manage our supply chain internally. Even pre-pandemic, we were building out our supply chain in North America – we built a lot of institutional expertise in the US around expanding and expanding our supply chains. In the hardware space – or part of a very small team – who design and build their own devices, we’re completely distributed.

The idea of ​​replacing traditional payment methods like cards — or even phones — with manual scans continues to attract its share of critics. It will only increase when giant corporations like Amazon adopt these technologies, but there is no doubt that the demand is there, at least the corporations are accelerating such a change.



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