CMITech Company
Latest round
- Series B
Last raised
- Mar 2016
Total raised
- $2.1M
Investors
- 3
About CMITech Company
CMITech Company, Ltd.CMITech Company, Ltd. was founded in 2009 in Anyang, South Korea. The company focuses on biometric recognition systems and has undergone strategies to enhance their product offerings.CMI Tech specializes in biometric recognition technology, primarily through its flagship product, the NovaFace-2N. This system integrates advanced iris and facial recognition capabilities, enabling fast, contactless enrollment and authentication for various applications, including governmental ID management and sophisticated access control. The NovaFace-2N offers a long standoff range of 40 to 70 cm, enhancing usability across diverse environments. Its dual-mode functionality allows for simultaneous capture of both iris and face images, optimizing accuracy and efficiency.CMITech generates revenue primarily through direct sales of its biometric recognition systems and associated software solutions, targeting B2B clients such as government entities and corporate customers. Their business model revolves around one-time transactions for hardware along with potential recurring revenue from software licenses and maintenance agreements. Customized installations tailored to client needs facilitate secure access control and attendance tracking. They are focused on developing new products, with specific plans to launch updated versions of the NovaFace series aimed at improving performance and range. Additionally, CMITech aims to enter emerging markets in Southeast Asia and South America by 2025, capitalizing on the growing demand for biometric security solutions globally.
Who invested in CMITech Company
3 investors across 1 round
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Funding rounds
Series B
Mar 8, 2016
Amount
$2.1M
Investors
Questions about CMITech Company
Who invested in CMITech Company?
CMITech Company has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CMITech Company raised?
CMITech Company has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CMITech Company last raise money?
CMITech Company's most recent round on record is a Series B, in Mar 2016.
What does CMITech Company do?
CMITech Company is a it security/cybersecurity company.
Where is CMITech Company headquartered?
CMITech Company is headquartered in Anyang, South Korea.
Which VCs invest in companies like CMITech Company?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back it security/cybersecurity companies at CMITech Company's stage. Their profiles are linked below.
VCs backing it security/cybersecurity startups at Series B
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