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Tascent Raises $19.5 Million Series B Led by NEC Corporation and Tano Capital

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LOS GATOS, Calif., Aug. 27, 2018 (GLOBE NEWSWIRE) -- Tascent, Inc., the industry leader in intuitive biometrics, has raised $19.5 million in a Series B financing led by NEC Corporation and Tano Capital, with participation by Min Aik Technology Co., Ltd. The funding will be used to expand Tascent's biometrics product and solution suite and extend its global footprint.

"The global market for biometrics is experiencing tremendous growth. We believe Tascent is uniquely positioned to provide biometric identity products and solutions that bolster safety and security, improve consumer experiences, and enable enterprise efficiency," said Chuck Johnson, Managing Director of Tano Capital.

Tascent's devices, software, and services utilize face, iris, and fingerprint biometric modalities to establish and verify identity in a way that is both accurate and simple to use. Deployed globally and serving tens of millions of people every year, Tascent's products promote security and expediency in a wide variety of applications including consumer travel, enterprise access, employee identity, and government services.

"NEC has long delivered the benefits of multimodal biometrics with our industry-leading solutions, and we expect that Tascent's expertise in technology innovation, solution development, and product design will help NEC to further grow the biometric identity market," said Masakazu Yamashina, Executive Vice President, NEC Corporation.

"This is an exciting time to be innovating in biometrics and identity. Biometrics has become an important part of our daily lives, thanks to solutions that are both accurate and intuitive," said Joey Pritikin, Founder and Co-CEO of Tascent. "Our global partnerships in technology, sales, and support have played a pivotal role in the company's success, and the participation of NEC and Min Aik in our B Round will help drive Tascent's future growth."

About Tascent
Tascent harnesses the power of biometrics to enable the frictionless flow of people and transactions in a connected world. We focus on creating intuitive hardware, software, and services, providing comprehensive capabilities for tailored identity solutions. Through partnerships, we deliver the strength of trusted identity to positively impact travel, financial services, ticketing and events, workplace access, government services, and humanitarian efforts.

While many biometric companies offer single-modality products that are complex and unintuitive, Tascent makes it easy for our partners to integrate and deploy approachable yet robust multimodal biometric identity systems. Today, our biometric solutions serve tens of millions of people each year in some of the most challenging environments. We strive to innovate and create products that address unmet needs for critical-yet-routine identity processes, making lives simpler and easier.

Based in Silicon Valley, CA, Tascent supports customers and partners globally through our offices in Washington DC, Dubai, London, and Singapore. www.tascent.com

Erika Aase
+1 408-466-1603
eaase@tascent.com

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