Biometric Firm Secures Series A Financing

Retica Systems, Inc., (Retica) and Sigma Partners, LLC, recently closed a $2.5M series A financing to fund the final development of a retinal biometric system, designed for use in a variety of Homeland Security and commercial security applications.

Retinal identification, often confused with the less-precise iris identification process, has long been considered by experts to be the most accurate form of human biometric. Retica has created the first and only retinal biometric system utilizing state of the art digital technology.

Retica was founded by David Muller, PhD., the founder and CEO of Summit Technology Inc., the first company to obtain U.S. Food and Drug Administration approval for Laser Vision Correction. According to Muller, "We have brought together a core group of experienced entrepreneurs, technologists, and venture capitalists to launch Retica Systems, Inc. and its outstanding technology."

Muller continued, "There is currently no other company producing retinal biometric system Retica is well positioned to seize opportunities in a marketplace eager for improved security applications. I expect Retica to far surpass the success that we experienced at Summit."

The Retica system has been in development for more than 5 years. The Company has built prototypes that demonstrate the ability to easily and conveniently authenticate retinal images. The biometric field has recently seen a major growth in adoption and interest because of the worldwide need for higher levels of authentication in all areas of defense and commerce.

Founded in 2001, Retica Systems, Inc. offers retinal biometric technology. Headquartered in Waltham, Massachusetts, the company has produced the first device to successfully exploit the full potential of the unique vessel pattern found at the posterior of the eye.