Mentioned:
There’s a new company on the Nasdaq. And they’re coming after the opportunity in biometric security software.
What’s happening:
- Rank One Computing (NASDAQ: ROC) has successfully raised $24M USD in their IPO financing round and officially begun trading on the Nasdaq
Why it matters:
- Rank One Computing has developed leading edge facial recognition and biometric verification software that can detect liveness and prevent spoofing for real time security and fraud prevention
Going deeper:
- The United States Department of War and multiple other American military agencies already have existing deals with Rank One Computing to deploy their software throughout operating bases and tactical environments
- Rank One Computing has also landed deals with global banks and credit card companies to use their biometric software to accurately verify customer identities and prevent fraud in digital banking
