Tech com­pany wins £3.5m back­ing for heart­beat ID sys­tem

Belfast Telegraph - Business Telegraph - - News - BY EMMA DEIGHAN

A COM­PANY which has cre­ated soft­ware that iden­ti­fies in­di­vid­u­als us­ing their heart­beat has won a £3.5m in­vest­ment.

B-se­cur has de­vel­oped and patented me­chan­ics needed to recog­nise a per­son by their heart­beat pat­tern — known as an elec­tro­car­dio­gram (ECG).

Now, the com­pany has won a £3.5m in­vest­ment made up of £1.5m from Ac­cel­er­ated Dig­i­tal Ven­tures (ADV), £0.75m from the Bank of Ire­land Ker­nel Cap­i­tal Growth Fund (NI) and the re­main­der from pri­vate in­vestors. B-se­cur pro­vides bio­met­ric se­cu­rity so­lu­tions to cus­tomers in the UK, Ire­land and US across many sec­tors, in­clud­ing the automotive in­dus­try, fi­nan­cial ser­vices, build­ings and health­care.

It was set up in 2002 by Colin An­der­son OBE, the boss of Belfast-based mar­ket­ing ser­vices agency ASG and Part­ners. B-se­cur is also head­quar­tered in Belfast, where it has built up a strong part­ner­ship with the Cen­tre for Se­cure In­for­ma­tion Tech­nolo­gies (CSIT) at Queen’s Univer­sity Belfast.

The de­vel­op­ment of its new ECG soft­ware is a move for­ward for the bio­met­rics in­dus­try — ex­pected to be worth over $35bn by 2021.

B-se­cur’s ECG bio­met­ric au­then­ti­ca­tion tech­nol­ogy ( right) marks progress on the first gen­er­a­tion of bio­met­rics — which used fin­ger­print, iris or voice recog­ni­tion.

It’s hoped the sys­tem will be able to min­imise hack­ing risks.

Alan Fore­man, the chief ex­ec­u­tive of B-se­cur, said the in­vest­ment comes as com­pa­nies seek in­creas­ingly ad­vanced se­cu­rity so­lu­tions. This an­nounce­ment un­der­scores the grow­ing de­mand from or­gan­i­sa­tions to pro­vide bet­ter se­cu­rity to their cus­tomers in this dig­i­tal world, amid an es­ca­la­tion in high-profile cy­ber at­tacks. “I be­lieve that our ECG au­then­ti­ca­tion tech­nol­ogy is cru­cial to sup­port­ing this global chal­lenge,” he said.

Michael Dimelow, head of in­vest­ment at ADV, said he was ex­cited to be part of the de­vel­op­ment. “In a world where se­cu­rity and per­sonal iden­tity are cen­tral to ac­cess­ing a range of on­line dig­i­tal ser­vices, B-se­cur’s tech­nol­ogy har­nesses the unique power of the hu­man heart­beat to un­lock ev­ery­thing from fi­nance to health­care, from cars to build­ings.”

Jayne Brady, part­ner at Ker­nel Cap­i­tal, said B-se­cur is among the com­pa­nies in North­ern Ire­land pushing next-gen­er­a­tion se­cu­rity to the fore.

She said: “With North­ern Ire­land rapidly be­com­ing a key lo­ca­tion on the global cy­ber­se­cu­rity stage, we be­lieve B-se­cur will play a sig­nif­i­cant role in the global de­vel­op­ment of next gen­er­a­tion se­cu­rity sys­tems.”

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