AOptix Closes $42M Funding Round

Privately held AOptix Technologies Inc. has closed a $42 million Series E funding round, bringing total investment in the company to date to $123 million. The proceeds will support product development, sales and marketing for the launch of its new products.

AOptix’s existing investors — Clearstone Venture Partners, DAG Ventures, Kleiner Perkins Caufield & Byers, Northgate Capital and W Capital Partners — participated in this round and were joined by a new investor, True Ventures.

The company’s founders originally invented adaptive optics technologies to help astronomers see farther into space. AOptix later leveraged that technology by working with DARPA and the military to develop advanced mobile wireless networks for high-speed air-to-ground and air-to-air communications.

Today, the company provides products for automated identity verification using iris recognition and a range of other biometric techniques for aviation security and immigration control.

“We’re seeing strong traction in the market with our current solutions because we’re able to effectively solve difficult technological and business problems that have broad impact on people, such as passenger congestion at international airports or bandwidth constraints on mobile networks,” said CEO Dean Senner. “As we continue to grow and innovate, we’re pleased with the strong support of our investors who recognize the tremendous opportunities ahead.”

For more information, visit: www.aoptix.com