Princeton Identity launches as biometrics supplier
Princeton Identity Inc., formerly a line of business of SRI International marketed under the SRI Identity brand, launched in late August as an independent company. Princeton Identity will focus on identity management and biometric authentication. It will continue to build on SRI’s successful legacy of biometric technologies for a wide range of government and commercial applications, as well as for mainstream physical identity access management (PIAM) applications.
Funding for the launch of Princeton Identity as an independent entity came primarily from Samsung Ventures, a longtime SRI International collaborator on iris biometric technology projects. “Samsung Ventures is very excited about the opportunity to support the creation of Princeton Identity and the growth opportunity that the biometric technology represents,” said Hyuk-Jeen Suh, senior director of Samsung Ventures.
“Iris recognition will enable the next generation of smart devices and IoT to create more secure access control than what is typically available today. The days of remembering and entering passwords will soon be in the past,” said Mark Clifton, Princeton Identity’s CEO.
“Launching as a separate venture enables us to place our full focus on becoming a leader in identity management and access control across a number of verticals, including security and mobile access control.”