BioPassword Inc., which makes software that identifies users by evaluating their typing techniques, has closed an $11 million round of financing.
The Issaquah, Wash., company also said Monday that it has landed 40 customers in the past 10 months, including credit unions that use its software to meet the Federal Financial Institutions Examination Council's requirement for strengthening online security.
The software, which examines how long each key is depressed and the time between keystrokes, can be used to block logins by unauthorized people even if they use the right password.
Participants in this funding round included a new investor, RRE Ventures LLC of New York, and some firms involved in earlier funding, such as Citrix Systems Inc., Ignition Partners, and OVP Venture Partners.
"We view BioPassword as a promising investment for its combination of a unique approach to multifactor authentication and proven success in delivering the solution," Stuart Ellman, a general partner and co-founder of RRE, said in a press release.
Last year BioPassword adapted its software to run from consumer and business Web products, such as the servers sold by Citrix.
