Apple bets $390M on biometrics, Australia’s identity power trio: Friday Deal Book for 12/15/2017

OWI’s ariday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements in the identity industry. Here’s a quick peek at what you need to know for the week ending Dec. 15, 2017.

Apple sinks $390 million into Face ID partner Finisar
The iPhone maker announced this week the new round of investment from its Advanced Manufacturing Fund, which supports U.S. tech manufacturers. Finisar supplies vertical-cavity surface-emitting lasers, or VCSELs, for the Face ID biometric system found on the iPhone X. The Texas-based recipient plans to revive a manufacturing plant and create over 500 jobs. [Read more]

CrossChx raises $5M for ‘internet of healthcare’
The Columbus-based company plans to triple its staff to 150 customers by the end of the year. CrossChx is the creator of Olive, an AI-driven bot that completes administrative tasks at hospitals. To date, 50 hospitals and larger health systems, including Nationwide Children’s Hospital, have signed on. [Read more]

Fairfax, News Corp & Nine create digital identity cooperative
The trio of Australian media companies are coming together for people-based marketing across their various properties. Together, they have signed a memorandum of understanding to explore an anonymized digital identity exchange that will combine respective identity assets to allow advertisers to target authenticated audiences. Together, they reach 15 million. The program will launch in a planning and consultation stage in the first half of 2018. [Read more]

Digital identity app Yoti partners with UK nightclub chain Deltic
The agreement will see Yoti provide a new, safer way for customers to provide their age on nights out. Yoti will be accepted at 57 Deltic nightclubs throughout the U.K. The program will allow individuals a way to prove their age on their phone, without needing to have an ID or passport. Using Yoti also protects a user’s security, as the venue only sees details related to their age, and does not see any other personal data. [Read more]