# Privaris

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

- Industry: Biotechnology
- Headquarters: Charlottesville, US
- Website: www.privaris.com
- Total disclosed funding: $10M
- Latest round: Series A (Oct 29, 2005)
- Investors on record: 4

## About

Privaris Inc, based in Charlottesville, Virginia, specializes in biometric authentication technology that enhances security and privacy for various applications.Privaris Inc is a biometric technology company focused on providing secure authentication solutions. Founded in 2001 in Charlottesville, Virginia, the firm has successfully completed 13 deals, with Apple Inc. acquiring a majority stake as of June 26, 2015. The founder's background is not specified, and the company has not undergone notable pivots.  The total amount raised by Privaris Inc is USD 2.50 mn, with the latest funding round being a VENTURE DEBT round amounting to USD 3.17 mn.Privaris Inc offers advanced biometric authentication solutions designed for seamless integration into various platforms. Their core offerings primarily include secure access technologies that leverage fingerprint and facial recognition to enhance user verification processes. These services cater to a wide range of industries, including healthcare, finance, and security, providing efficient and secure identity verification solutions.Privaris Inc generates revenue through a direct sales model, focusing on integrating their biometric authentication solutions into existing customer systems. Their pricing structure likely varies depending on the scale of deployment and specific client needs, with additional revenue streams from ongoing support and maintenance services to ensure high availability of their technology.Privaris Inc plans to expand its product offerings by developing new biometric solutions that are expected to launch by the end of 2024. The company aims to target new markets, particularly in Europe and Asia, by 2025 to enhance customer reach. The recent VENTURE DEBT funding of USD 3.17 mn will be utilized to support product development initiatives and marketing efforts aimed at these new geographic regions.

## Funding rounds

- Series A, Oct 29, 2005, $10M — Noro-Moseley Partners, RedShift Ventures, RC Capital, Harbert Management

## Investors

- Noro-Moseley Partners (https://capitalatlas.ai/funds/noro-moseley-partners) — Series A
- RedShift Ventures (https://capitalatlas.ai/funds/redshift-ventures) — Series A
- RC Capital (https://capitalatlas.ai/funds/rc-capital) — Series A
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series A