Markham, Canada – Invixium, an innovator of biometric solutions, today announced the company has been named a finalist in the 2018 VentureClash competition. VentureClash, managed by Connecticut Innovations, is a $5 million global venture challenge for early-stage companies in digital health, financial technology, insurance technology and the Internet of Things.
This year’s VentureClash competition attracted nearly 300 applications from more than 20 countries around the world. After advancing to the semifinal round along with 33 other companies, Invixium will now compete in the final pitch event as one of nine startups vying for a share of the $5 million prize.
“We’re thrilled to have Invixium join us next month for the VentureClash finals,” said Matt McCooe, CEO of Connecticut Innovations. “Shiraz and his team have created a successful business and we’re excited to get them on stage, and potentially to Connecticut. With the increased interest in advanced security and access control, Connecticut would be a great place for Invixium to expand to in the U.S.”
Invixium is a manufacturer of advanced biometric security products which provide the highest level of physical access security at enterprises and industrial facilities through Internet connected edge computing systems. Invixium offers a full suite of biometric security products with the latest technology for facial, fingerprint and finger vein (vascular) recognition that cater to enterprise access, industrial, smart buildings & homes and time and attendance markets. Its products are manufactured in Canada under strict quality standards and are differentiated through advanced algorithms, intelligent engineering and flexible architecture.
“The popularity of biometrics has grown exponentially,” said Shiraz Kapadia, Founder & CEO of Invixium. “Invixium is poised to change the game in the physical access security arena by developing elegant and IoT ready biometric solutions to replace antiquated methods of entry. It is an honor to be shortlisted and I look forward to sharing our story on stage next month in Connecticut.”
VentureClash 2018 finalists will compete in front of a panel of expert judges at a one-day pitch event to be held on October 18, 2018, at the Yale School of Management in New Haven, Connecticut.
Managed by Connecticut Innovations, VentureClash is Connecticut’s global venture challenge focused on early-stage companies. The challenge identifies high-potential companies in digital health, fintech, insurtech and the Internet of Things that will receive investments from a $5 million investment award pool.
Learn more at www.ventureclash.com.