Biometrica Systems, Inc.
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Biometrica Systems, Inc. - overview
Established
1998
Location
Las Vegas, NV, US
Primary Industry
Software
About
Biometrica Systems, Inc. develops innovative threat identification systems to enhance public safety while ensuring privacy. The company specializes in technologies that enable quick identification of individuals in various sectors. Founded in 1998, Biometrica Systems, Inc.
operates from Las Vegas, US. The company focuses on advanced threat and victim identification systems. In November 2016, Biometrica raised USD 0. 3 mn in GROWTH funding led by Lighter Capital, marking a pivotal moment in its funding journey.
Wyly Wade serves as the CEO of the company. Biometrica specializes in advanced threat and victim identification systems designed to enhance public safety while prioritizing privacy. Their core offerings include real-time threat detection and victim identification technologies, which operate without mass surveillance or the recording of general public footage. The systems utilize a unique law enforcement-sourced database that enables rapid identification of persons of interest and missing individuals, confirming matches in under five seconds.
Biometrica's solutions are deployed across various sectors, including education, healthcare, retail, and transportation, serving a broad client base that ranges from public and private schools to financial institutions and healthcare facilities. These products are marketed primarily in the United States, although their technologies have the potential for global application in any region requiring enhanced safety measures without compromising privacy standards. Biometrica generates revenue through a subscription-based model and strategic partnerships, providing its clients with ongoing access to its suite of privacy-first safety technologies. Clients, including educational institutions and healthcare providers, engage with Biometrica by subscribing to its real-time monitoring systems, which facilitate continual risk assessment and incident response capabilities.
Each transaction is structured around tailored service agreements that outline the specific technologies used, ensuring compliance with industry regulations such as FERPA in educational settings. Pricing plans are customized based on the specific needs and scale of the client, including varying levels of service for identity verification, continuous employee risk monitoring, and real-time alerts for threat detection. This business model not only fosters long-term relationships with clients but also supports Biometrica's mission to enhance safety without infringing on individual privacy. Biometrica plans to leverage its recent funding of USD 0.
3 mn raised in November 2016 to develop new products focused on enhancing privacy-first safety technologies. The company aims to expand its market presence into international territories, specifically targeting Europe and Asia by 2025. The funding will support the design and launch of new solutions that cater to evolving safety needs, ensuring compliance with global privacy standards.
Current Investors
Lighter Capital
Primary Industry
Software
Sub Industries
Bioinformatics, IT Security/Cybersecurity, Analytics & Performance Software, Monitoring & Security Software
Website
www.biometrica.com
Verticals
Mobile Apps
Company Stage
Growth Stage/Expansion
Total Amount Raised
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