Bionym, makers the Nymi identity band, says it’s closed a $14 million Series A funding round, including money from Mastercard and Salesforce.
The Nymi, slated to ship this fall, is a wristband that can confirm a wearer’s identity by sensing their electrocardiogram. Bionym expects the Nymi to have particular applications related to passwords and financial transactions. The company has 40 employees and is based in Toronto.
The funding round was lead by Ignition Partners (which also has money in DocuSign and Moz) and Relay Ventures, which specializes in mobile companies and was a seed investor in Bionym.
We’ve seen demos of the Nymi and had good conversations with founders Karl Martin and Andrew D’Souza. Smart guys, smart product. We’re looking forward to the launch. You can still preorder for $79.