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§ Private Profile · Anyang, Kyonggi-do, South Korea
Iris and face recognition systems for biometric identification and secure identity verification. Serves government, enterprise, and security sectors.
CMITech is an Anyang, South Korea-based hardware and software company with a principal office in San Jose, California, that develops contactless iris and face recognition systems for biometric identification and secure identity verification. The organization provides high-performance imaging technology for access management, border control, national ID programs, law enforcement, healthcare facilities, and financial services authentication. Operating with approximately nine employees, the privately held business generates an estimated $20 million in annual revenue through its enterprise and government security solutions. The firm recently expanded its biometric portfolio beyond traditional iris scanning by launching the NovaFace recognition product line for commercial applications. The company's executive management team includes former research and product development leaders from major technology corporations like LG Electronics and AOptix Technologies. CMITech was founded in 2009 by Dr. JJ Chae.
CMITech has raised $2.1M across 1 funding round.
CMITech has raised $2.1M in total across 1 funding round.
CMITech has raised $2.1M across 1 funding round. Most recently, it raised $2.1M Series B in March 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 8, 2016 | $2.1M Series B | — | IBK Capital, Magellan Technology Investment, Daniel AHN | Announced |
CMITech has raised $2.1M in total across 1 funding round.
CMITech's investors include IBK Capital, Magellan Technology Investment, Daniel Ahn.