Fundz

Bio-Key Secures $2.2M In Funding Via Promissory Note Financing

PUBLIC · BKYIDec 22, 2022

Amount Raised

$2.2 Million

Round Type

Seed

HolmdelOtherInformation TechnologySoftwarePrivacy And SecuritySecurityCyber SecurityBiometricsSoftware Development

Description

BIO-key International, Inc. (NASDAQ: BKYI) an innovative provider of Identity and Access Management (IAM) and Identity-Bound Biometric (IBB) solutions, today announced the sale of a $2.2M, six-month 10% Secured Promissory Note to AJB Capital Investments LLC. Proceeds from the financing will be used for general working capital purposes.

Quick answer

BIO-key International raised $2.2 Million in a Seed round, dated December 22, 2022. BIO-key International is based in Holmdel, New Jersey, United States.

How much did BIO-key International raise?
BIO-key International raised $2.2 Million in a Seed round on December 22, 2022.
What does BIO-key International do?
BIO-key has over two decades of expertise in providing authentication technology for thousands of organizations and millions of users and is revolutionizing authentication with biometric-centric, multi-factor identity..
Where is BIO-key International based and how big is it?
BIO-key International is based in Holmdel, New Jersey, United States.
Who are the decision-makers at BIO-key International?
Fundz holds 1 contact at BIO-key International, including the Chief Financial Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Privacy And Security and Security around the same time

Companies in the same sectors as BIO-key International that raised within 45 days of this round, from Fundz verified event records.

  • DryRun Security raised $2.3M on January 6, 2023.
  • Evolv Technology raised $75M (Debt Financing) on December 21, 2022.
  • Fordefi raised $18M (Seed) on November 8, 2022.
  • Anthropic raised $300M (Funding Round) on February 3, 2023.
  • Nuvento raised $3.3M (Seed) on January 24, 2023.
  • MedCrypt raised an undisclosed amount (Series B) on January 24, 2023.

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Company Information

Company

BIO-key International

Location

101 CRAWFORDS CORNER RD

Holmdel, New Jersey, United States

About

BIO-key has over two decades of expertise in providing authentication technology for thousands of organizations and millions of users and is revolutionizing authentication with biometric-centric, multi-factor identity and access management (IAM) solutions, including its PortalGuard IAM solution, that provides convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading biometric capabilities, enable large-scale on-premises and cloud-based Identity-as-a-Service (IDaaS) solutions, as well as customized enterprise solutions.

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Related People

1 contact
Verified contactsCeci W., Chief Financial OfficerSee plans and pricing
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BIO-key International raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.