IrisGuard UK Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
IrisGuard UK Ltd. - overview
Established
2001
Location
-, Buckinghamshire, UK
Primary Industry
Software
About
IrisGuard UK Ltd. specializes in advanced iris recognition technology, delivering secure and real-time identity verification solutions for various sectors, including humanitarian aid and financial services. Founded in 2001 in the UK by Imad Malhas and Rudain Kawar, IrisGuard UK Ltd. focuses on providing innovative iris recognition solutions.
The company has engaged in two funding deals, the most recent being in November 2017 when Goldman Sachs Merchant Banking Division invested in the firm. Imad Malhas serves as the CEO. IrisGuard offers advanced iris recognition technology for secure identity verification without physical ID methods. Its main products include EyeBank® for iris registration, EyeCloud® for verification and payment processing, and EyePay® Network for managing assistance payments.
These products serve sectors such as humanitarian aid and financial services, with clients like UNHCR and government entities, operating primarily in the Middle East and North Africa. In 2022, IrisGuard reported a revenue of USD 1. 71 mn and an EBITDA of USD -0. 95 mn, generated through its B2B partnerships and deployment of iris recognition solutions in various sectors.
IrisGuard aims to expand its product offerings and geographic reach. The company is focused on launching new products designed to enhance its current iris recognition technology. Furthermore, IrisGuard plans to enter additional markets, specifically targeting regions with significant humanitarian needs. Recent funding, particularly from the deal in November 2017, will be utilized to support these expansion initiatives.
Current Investors
Goldman Sachs Asset Management, GrowthGate Capital
Primary Industry
Software
Sub Industries
Government, Electronics, Monitoring & Security Software, Analytics & Performance Software
Website
www.irisguard.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
IrisGuard UK Ltd. - timeline of key events
IrisGuard UK Ltd. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 1,611,011 | 2,141,184 | 1,789,206 | - | - | - |
| % Revenue Growth (YoY) | - | - | 32.9% | (16.4%) | - | - | - |
| EBITDA (USD) | - | (1,424,459) | (316,994) | (219,067) | - | - | - |
| Operating Income (USD) | - | (1,611,059) | (642,220) | (549,878) | - | - | - |
| Operating Margin | - | (100.0%) | (30.0%) | (30.7%) | - | - | - |
| % EBITDA Margin | - | (88.4%) | (14.8%) | (12.2%) | - | - | - |
| NET Income (USD) | (3,027,063) | (1,062,810) | 949,558 | (484,235) | - | - | - |
| % Net Margin | - | (66.0%) | 44.3% | (27.1%) | - | - | - |
IrisGuard UK Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | IrisGuard UK Ltd. | - | ||||||||
| Buyout | Completed | IrisGuard UK Ltd. | - |
Displaying 1 - 2 of 2
IrisGuard UK Ltd. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.