Agnitio Secures Second Round of Funding

Agnitio, a Madrid-based voice biometric technology provider, has announced a Series B funding of €5.5 million (US$ 6.9 million) led by Elaia Partners. The round included participation of Nauta Capital, an investor who specializes in technology companies in both Europe and the U.S., who was responsible for an initial round of €2.7 million in late 2007.

In the announcement, Xavier Lazarus, General Partner at Elaia Partners said, “Already leaders in Homeland Security, [Agnitio’s] offerings also bring a new way of considering authentication to many markets, including the telecommunication or the home banking industries.”

Additionally, Emilio Martinez, CEO at Agnitio, said, “We are delighted with achieving this second round of funding from Nauta and Elaia especially in the current climate of severe economic conditions.”

Earlier in the week, Agnitio reported that Medical Management Technology Group, Inc. (MMTG), providers of technology to improve home-based healthcare, signed a contract to deploy Medify Home Health Verification with Onondaga County in New York. Onondaga County is the first county in New York State to provision the service with the first implementation rolled out to users in January 2009.

Medify, powered by Agnitio’s Kivox voice biometrics technology, is a phone-based time tracking system integrated with voice verification. Once a home caretaker is enrolled, they are required to call into a system to verify checking in at a patient’s home.



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