Touch Biometrix secures investment for new class of fingerprint sensors

The market demand for fingerprint sensors is expected to exceed 1.5B units per year by 2020 with the global market for biometrics to reach $15B by 2025.

The drive for user authentication is experiencing tremendous growth as the drive to open up seamless user identification for the use of mobile payment services continues.

Indeed, it is expected that biometrics will be standard in 90% of mobile devices by 2022 generating 1.37 trillion payment and non-payment mobile device transactions.



Touch Biometrix is a fabless developer of a new class of fingerprint sensor for application to consumer electronics such as smartphones, laptops and computer peripherals.

Based on proprietary sensor designs and algorithms the Touch Biometrix platform will enable fingerprint sensors of any shape or size.

This enables a user authentication platform that can easily be integrated into a wide range of consumer electronics and smart objects for a more intuitive and secure user experience that promises to eliminate the need for passwords.

Now Touch Biometrix has announced it has received seed investment from Deepbridge Capital.

Touch Biometrix is adopting proprietary production techniques that is expected to disrupt the cost of ownership by targeting a sensor price of $1 per sensor by the end of 2019, so opening up the market for integration of a low-cost, highly secure biometric authentication platform into low, mid and high tier consumer electronic brands.

Touch Biometrix CEO, Mike Cowin, said: “This seed funding round will enable Touch Biometrix to establish a minimum viable product,
in collaboration with our supply chain partners. We are delighted to be supported byDeepbridge Capital who have a tremendous reputation for working with and supporting hightech start-up companies.”

Ian Warwick, Managing Partner at Deepbridge Capital, commented: “We are delighted to be working in partnership with Touch Biometrix at what is an exciting time for the biometric industry. We understand there is an increasing need for secure user authentication technology and we believe Touch Biometrix has the capability to move quickly in this market, with this funding we have provided utilising the Seed Enterprise Investment Scheme being the initial catalyst. We look forward to working with the Touch Biometrix team as the company grows.”