22 Feb 2023
Jena firm receives support via European Innovation Council Accelerator funding scheme.
IDloop, a startup firm developing a system capable of capturing high-resolution images of fingerprints without the need to touch a scanner, has raised €10 million via a European Union investment scheme.
Headquartered in the optics heartland of Jena, Germany, the company has received the backing from the European Investment Council (EIC) Accelerator, part of the wider Horizon Europe funding program.
IDloop says that the money will be used to further refine the imaging system for market readiness. The company is the third photonics firm to benefit from EIC support in recent months, following similar deals for Cailabs and iThera…