Intel Capital Makes Strategic Investment in Validity Sensors

  Intel Capital Makes Strategic Investment in Validity Sensors

Business Wire

SAN JOSE, Calif. -- December 07, 2012

Validity Sensors, Inc., the leader in Natural ID™ authentication, today
announced that Intel Capital has completed a strategic investment as part of
its Series E Financing. Intel’s investment combined with additional strategic
investments from World Fair and DDS brings the total Series E capital
commitments to more than $22 million. This follows an initial closing on
October 4, 2012, led by TeleSoft Partners that included full participation
from Qualcomm Ventures, VentureTech Alliance (the venture capital arm of
TSMC), Panorama Capital and Crosslink Capital.

“Validity’s technology addresses an important need to make computing devices
and the transactions completed on them more secure while actually increasing
ease of use for the end user,” said Dave Flanagan, Managing Director, Intel
Capital. “This investment reflects our commitment to collaborate with the
fingerprint sensor market leader to create differentiated products for mobile
and computing platforms.”

“We are pleased with Intel Capital’s engagement and are excited about the
opportunity to work with an industry leader who shares our vision for
authentication,” said Rob Baxter, Chief Executive Officer, Validity.“This
infusion of capital will enable us to extend our technology leadership and
accelerate our products for mobile and tablet markets.”

Since launching its products in 2008, Validity has shipped more than 30
million sensors into consumer electronics products and is now focusing its
resources on the multi-billion unit mobile phone and tablet markets that
require convenient password authentication, improved mobile payment features
and enhanced device navigation.

About Validity

Headquartered in San Jose, California, Validity is the world leader in Natural
ID authentication, providing fingerprint sensors with the highest levels of
performance, security, cost-effectiveness and design flexibility.

Validity’s patented LiveFlex® fingerprint sensor technology enables
authentication, mobile payments, and touch-based navigation for applications
ranging from invisible, under-glass sensors for smartphones; buttons for
handsets and tablets; and the world’s thinnest palm-rest designs for
Ultrabook™ computers. For more information, visit www.validityinc.com. For the
latest news on biometrics and authentication, please be sure to read the
Natural ID blog by Validity CTO, Sebastien Taveau.

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity
investments in innovative technology start-ups and companies worldwide. Intel
Capital invests in a broad range of companies offering hardware, software, and
services targeting enterprise, mobility, health, consumer Internet, digital
media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital
has invested more than US$10.7 billion in over 1,257 companies in 53
countries. In that timeframe, 201 portfolio companies have gone public on
various exchanges around the world and 308 were acquired or participated in a
merger. In 2011, Intel Capital invested US$526 million in 158 investments with
approximately 51 percent of funds invested outside the U.S. and Canada. For
more information on Intel Capital and its differentiated advantages, visit
www.intelcapital.com or follow @Intelcapital.

Contact:

HORN.
Caitlin Regan, 415-905-4008
Caitlin.Regan@horngroup.com
or
Validity Sensors, Inc.
Doug Vargha, 408-387-5366
dvargha@validityinc.com
 
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