# Lumidigm

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumidigm

- Industry: Electronics
- Headquarters: Albuquerque, US
- Website: www.lumidigm.com
- Total disclosed funding: $18M
- Latest round: Series E (Sep 17, 2010)
- Investors on record: 9

## About

Lumidigm, Inc. specializes in advanced biometric authentication solutions, focusing on fingerprint and facial recognition technologies to enhance security and streamline user experiences across various sectors.Lumidigm, Inc. is known for its biometric authentication systems that analyze unique physical traits, ensuring reliable identity verification. The company, headquartered in Albuquerque, US, was acquired by Assa Abloy in February 2014. Its founder, whose history is not detailed, has been instrumental in guiding the company’s innovative trajectory. Lumidigm has successfully raised USD 2.60 mn through its Series E funding round, which was supported by investors including Draper Fisher Jurvetson and Solstice Capital, bringing its total funds raised to USD 2.60 mn and a current valuation of USD 79.72 mn.Lumidigm, Inc. primarily offers biometric authentication and verification solutions that integrate advanced technologies such as fingerprint and facial recognition. These systems enhance security and efficiency in various applications, including banking, healthcare, and retail, where the need for secure identity verification is critical. The company's products are marketed primarily in the United States, Europe, and Asia, catering to commercial markets and government agencies requiring robust identity management solutions.Lumidigm generates revenue through direct sales and partnerships with financial institutions, healthcare providers, and government agencies. Its business model involves structured agreements, including service subscriptions and direct purchases of biometric systems. In the banking sector, institutions may utilize Lumidigm's technology for user authentication, effectively streamlining transaction processes while enhancing customer security. The pricing structure accommodates diverse client needs with tailored solutions, ensuring ongoing revenue through service and software agreements.Following its acquisition by Assa Abloy, Lumidigm plans to leverage its innovative biometric technology to expand into new markets. The company is focusing on increasing its presence in Asia and Europe by 2015, with new product launches expected to enhance their service offerings. Recent funding will be allocated to support the development of these upcoming products and expansion initiatives, solidifying Lumidigm's position in the biometric solutions sector.

## Funding rounds

- Series E, Sep 17, 2010, $2.6M — Draper Fisher Jurvetson, Solstice Capital
- Series E, Apr 30, 2010, $0.1M — Draper Fisher Jurvetson, Invencor
- Series C, Jan 3, 2008, $7M — Draper Fisher Jurvetson, Fort Washington Capital Partners, EPIC Ventures, Invencor, Intel Capital, NAV.VC, Solstice Capital, Motorola Solutions Venture Capital, Sun Mountain Capital
- Series B, Oct 3, 2005, $8.1M — Draper Fisher Jurvetson, Fort Washington Capital Partners, EPIC Ventures, Intel Capital, NAV.VC, Solstice Capital, Motorola Solutions Venture Capital

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series C, Series E
- Fort Washington Capital Partners (https://capitalatlas.ai/funds/fort-washington-capital-partners) — Series B, Series C
- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- NAV.VC (https://capitalatlas.ai/funds/nav-vc) — Series B, Series C
- Solstice Capital (https://capitalatlas.ai/funds/solstice-capital) — Series B, Series C, Series E
- Motorola Solutions Venture Capital (https://capitalatlas.ai/funds/motorola-solutions-venture-capital) — Series B, Series C
- Invencor (https://capitalatlas.ai/funds/invencor) — Series C, Series E
- Sun Mountain Capital (https://capitalatlas.ai/funds/sun-mountain-capital) — Series C