Toronto, Ontario–(Oct 27, 2015) – McRock iNFund LP, an Industrial Internet of Things (IIoT) venture capital fund managed by McRock Capital, announced today it has led the $4 million Series A financing in Toronto-based Invixium. The company is a world leader in advanced biometric security products which provide the highest level of physical access security at enterprises and industrial facilities through Internet connected edge computing solutions. Since Invixium’s inception three years ago, the company has sold over 3,500 products to government and blue chip industrial companies with rugged security requirements in the Middle East, North Africa, India and North America.
“We are experiencing a shift towards advanced, elegant and robust biometric authentication solutions due to the inherent security limitations and complexities of traditional authentication methods”, said Shiraz Kapadia, Founder and CEO at Invixium. “Our biometric security solutions go beyond traditional devices in that we enable integrators and end users to customize their applications using our embedded Android kit and comprehensive SDKs”.
“Invixium’s sophisticated solution enables edge computing while maintaining the highest level of security and convenience”, stated Scott MacDonald, Co-founder and Managing Partner at McRock. “Invixium’s solution is highly scalable and easily transferrable to a variety of markets due to its meticulous design, intuitive user interface and powerful on-device processing power.”
As part of this financing, Scott MacDonald and Whitney Rockley, Co-founders of McRock Capital, will join the Invixium Board of Directors.
About Invixium – Headquartered in Toronto, Ontario, with a presence in India, UK and US, Invixium is a biometric solutions company that is intensely passionate about delivering Internet connected edge computing solutions that are elegant, robust and simple to use. Focused on industrial/enterprise access control, time & attendance and the smart home market, Invixium offers next generation, exquisitely designed, high quality products and services that are differentiated through its advanced algorithms,
smart engineering and flexible architecture. Invixium products are proudly Made in Canada. Visit invixium.com or follow us on twitter @Invixium and facebook.
About McRock Capital – McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital fund focused on the intersection of sensors & software in large industrial markets. The McRock Team has a unique background of building high-growth venture-backed IIoT companies while also having worked in the power, water and oil & gas industries. The fund is backed by large institutional investors as well as Cisco Systems and Électricité de France (EDF). For more, visit www.mcrockcapital.com or follow us on twitter @McRockCapital.