AirSig
Developed air signature authentication technology that can be integrated in many applications.
| Date | Investors | Amount | Round |
|---|---|---|---|
$2.0m | Seed | ||
| Total Funding | 000k | ||
| USD | 2019 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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AirSig operated in the field of behavioral biometrics, focusing on authentication through hand gestures. Founded in 2014 by Pokai Chen and Mark Yu in Taipei, Taiwan, the company developed a technology that allowed users to unlock devices or authenticate actions by 'signing' in the air with their device. This method utilized the gyroscopes and accelerometers already present in most smartphones, making it a low-cost software solution that did not require additional hardware.
The core of AirSig's business was its proprietary algorithm that could recognize a user's unique movement patterns, including speed, rotation, and trace of the gesture, to verify their identity. The company claimed a recognition rate of over 99%. This technology was positioned as a more secure and convenient alternative to passwords, facial recognition, and even fingerprint scanning, particularly for virtual and augmented reality (VR/AR) and Internet of Things (IoT) applications where traditional biometrics are less natural to use. The business model likely centered on licensing this technology to be integrated into other companies' applications and hardware.
In September 2014, AirSig secured a significant milestone with a $2 million seed funding round from the Foxconn Technology Group. This investment valued the company at a reported $20 million at the time and was intended to fuel technology development and global expansion. AirSig made its technology available to the public through mobile apps on Google Play, such as 'AirSig Unlock' and 'AirSig Password Manager,' which allowed users to open specific apps or log into websites with a mid-air gesture. The company attracted interest from major tech firms like Google, LG, and Huawei and partnered with HTC to incorporate its technology into Vive VR headsets. Despite its early promise and funding, AirSig is now listed as a deadpooled company.
Keywords: behavioral biometrics, gesture recognition, mobile authentication, air signature, motion-based security, gyroscope authentication, accelerometer security, VR authentication, AR security, IoT authentication, passwordless login, device unlocking, Foxconn, Pokai Chen, Mark Yu, mobile security, user identification, motion biometrics, gesture control, secure access