Invixium Access Inc., a manufacturer of modern, IP-based biometric products, today announced the signing of a new distribution partnership with ADI Global Distribution (A Resideo Company) for India, the leading global wholesale distributor of security and low voltage products.
Toronto, Ontario — (May 28, 2019) – McRock Capital, a leading venture capital fund manager focused exclusively on the Industrial Internet of Things (IIoT), announced today that McRock iNFund LP has increased its ownership in Ontario-based Invixium and is the largest shareholder through its continued participation in the company’s Series B financing.
Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that it has closed on the initial $665,000 tranche of a $1 million investment in Invixium Access, a manufacturer of modern biometric solutions. Invixium was a winner at VentureClash 2018.
If you have already seen the industry defining video of IXM TITAN operating in the harshest of conditions at a construction site, then you might be interested in reading this blog to see how the video came to be. For those belonging to the time tracking and access control industries who have yet to see this video (Seriously? Have you been living under a rock), we urge you to click play before continuing.
The use of biometric access control continues to gain popularity around the world for organizations, enterprises and small businesses alike, as they progressively understand the advantages it offers in the form of accurate time tracking, higher security and/or improved convenience. Colleges and universities in particular have started to deploy this technology for varied applications as well as specific challenges, such as the diversity and size of the user population, the need for very rugged equipment, and for flexibility in different use cases.