Eyn Limited
Identity verification as secure as border check, but as user friendly as contactless payment.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Eyn Limited, founded in London in 2016 by Mohamed Ben Arbia and Dr. Sheikh Faridul Hasan, operated as a provider of a multi-modal biometrics authentication platform. The founding team possessed experience in developing biometric systems for major airports and government agencies, with academic backgrounds from institutions like EPFL and Oxford. The company's mission was to deliver identity verification with the security of an airport border check and the user-friendliness of contactless payment.
The firm developed a solution using artificial intelligence and computer vision to transform mobile devices into real-time biometric ID verification tools. Its platform combined facial recognition techniques with facial anti-spoofing algorithms to protect user identity. One of its notable technological advancements was the development of acoustic-based liveness detection. This technology was designed to offer a higher level of assurance against presentation attacks in digital identity verification processes.
Eyn successfully secured an undisclosed amount in a Seed funding round on March 7, 2017. Key institutional investors included Entrepreneur First, PUBLIC, AI Seed, and Innovate UK. This backing enabled the company to develop its technology and position itself within the business and productivity software industry. The company's journey culminated in its acquisition by Onfido, a digital identity verification company, on October 26, 2021. The acquisition was aimed at integrating Eyn's ultrasound biometric technology to enhance Onfido's liveness detection capabilities. Prior to the acquisition, Eyn was categorized as an acqui-hired, formerly VC-backed company.
Keywords: biometric authentication, identity verification, facial recognition, anti-spoofing, computer vision, AI security, liveness detection, user authentication, mobile security, Onfido acquisition, Entrepreneur First, digital identity, multi-modal biometrics, cybersecurity startup, acoustic biometrics, presentation attack detection, AI authentication, verification platform, security software, biometric ID