SRI International on Monday said it separated its former identity solutions brand and launched an independent company called Princeton Identity, Inc. that is being funded entirely by Samsung Ventures.
Princeton Identity said it will continue to build on SRI’s legacy of biometric technologies for government and commercial applications, and for physical identity access management applications.
The company developed an iris-on-the-move technology that enables biometric matching of a person’s iris against a database while that person is passing through a checkpoint or similar infrastructure. The company’s technology is being used by the Department of Homeland Security in border security processing and has been used by the United States military.
Princeton Identity is led by Mark Clifton, who headed up SRI’s identity business.
“Iris recognition will enable the next generation of smart devices and IoT to create more secure access control than what is typically available today,” Clifton said in a statement. “The days of remembering and entering passwords will be a thing of the past. Launching as a separate venture enables us to place our full focus on becoming a leader in identify management and access control across a number of verticals, including security and mobile access control.”
SRI said that it has been collaborating with Samsung Ventures to launch Princeton Identity for a while. Samsung Ventures is the venture capital arm of Korea’s consumer electronics giant Samsung Electronics.