Agnitio has raised €5.5 million in a second round funding led by Elaia Partners, with support from current investor Nauta Capital, for the further development of the company’s biometric technology, which uses a text- and language-independent approach to automatically verifying a speaker’s identity.
Elaia Partners of Paris is independent venture capital firm with a focus on digital technologies, while Nauta Capital specialises in investing in technology companies in Europe and US.
Madrid-based Agnitio said this second round of funding will allow it to further consolidate its leadership position in the voice biometric market by expediting worldwide expansion plans.
Xavier Lazarus, general partner at Elaia Partners, said, “Agnitio has developed […] security products based on a leading edge voice biometric technology.” The technology offers a new approach to authentication in many markets, including telecommunications and home banking.
Emilio Martínez, CEO at Agnitio said, “We are delighted with achieving this second round of funding from Nauta and Elaia especially in the current severe economic conditions.”