Market Insights

Northrop nets $95M DHS biometrics contract, HYPR & Samsung hype auth: Friday Deal Book for 03/02/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. Here’s a quick peek at what you need to know for the week ending March 2, 2018.

Northrop Grumman wins $95M contract for biometric identification

The company was selected by the U.S. Department of Homeland Security for a three-and-a-half-year agreement, to build a system intended to upgrade the current platform created in the 1990s. The biometric ID system will apply to national security, law enforcement, immigration, and intelligence functions, and Northrop will act as system developer and integrator. [Read more]

HYPR, Samsung partner for decentralized authentication for enterprise

HYPR is a provider of enterprise-facing decentralized authentication solutions, and it will work with the Samsung Pass identity management-as-a-service provider to offer a secure and convenient way for employees to log into workstations. The system will use Samsung mobile devices that are equipped with biometrics to identify users. The deal also sees Samsung NEXT, which is focused on supporting “transformative software,” investing into HYPR, bringing its total funding to date to $13.8 million. Previous investors include RRE Ventures and Mastercard. [Read more]

Yoti partners with Unique Identity Authority of India

The U.K.-based digital identity startup will also work with India’s External Affairs ministry’s passport department and local banks in its new operations within the country. Yoti will help with the identity verification process for applicants. Yoti has a team of over 160 people with a system that relies on biometrics and facial recognition for identity verification. It also offers a password manager through its official app. The company raised $11.1 million in its latest funding round, increasing its valuation to $90.7 million. [Read more]

Roomi acquires Symbi for roommate, rental matching

The deal brings Symbi, a New York-based roommate matching service, under Roomi, which provides room rentals. The deal comes after Roomi raised $11 million in Series A funding, bringing its total to $17 million. It launched in 2015 and has over a million registered users across the U.S. and Canada. Symbi users will be transitioned to the Roomi platform over time and will contribute to the Roomi user network, benefitting its supply of rental room listings. Roomi verifies every listing on its service, and offers optional additional safety features such as background checks. Users can apply to move in through the app and then securely pay the first month’s rent. [Read more]