Lumidigm Highlighted in "TOP 300 STARTUPS"
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801 University Blvd S.E. Ste 302
Albuquerque, NM, 87106
Press release date: April 19, 2011
Lumidigm selection based on strength of the management team, business model and execution strategy
ALBUQUERQUE, NM - April 19, 2011 - Lumidigm today announced that the company has been chosen for inclusion in the 2011 edition of the fundedIDEAS publication TOP 300 STARTUPS. Lumidigm develops and deploys biometric fingerprint sensors that use multispectral imaging to capture superior images quickly, on all people, in all environmental conditions.
TOP 300 STARTUPS features those startups that secured the highest overall rating across 14 parameters that were applied to over 2500 companies that secured venture funding in 2010. Lumidigm emerged near the top of that elite list - with a final ranking of 29 - on the strength of its management team, business model, execution strategy and technological innovations.
"From the start, Lumidigm was able to demonstrate how its new technological approach to biometric authentication could solve the performance problems plaguing the industry," said Steve Jurvetson, Managing Director of Draper Fisher Jurvetson (DFJ). "Because Lumidigm had a highly differentiated solution and was led by a top-notch management team with the insight and capability to disrupt a market, we knew we had a winner." DFJ was part of a strong group of initial venture capital investors in Lumidigm.
Lumidigm makes biometric authentication secure and convenient by using its patented multispectral imaging technology to extract unique fingerprint characteristics from both the surface and subsurface of the skin. This enhanced data capture mitigates traditional system vulnerabilities and makes Lumidigm's sensors more reliable, more inclusive and more tamper-resistant than conventional biometric readers.
"We are excited to feature Lumidigm as a TOP 300 STARTUP," said Jonathon Marcus, Editor with fundedIDEAS. "We are extremely confident of their ability to innovate and adapt to changing market and customer needs while driving innovation in the sector." The fundedIDEAS editorial team conducted a rigorous four-month selection process prior to selecting Lumidigm for inclusion.
"Lumidigm continues to innovate off of its extensively-patented multi-imaging technology platform as it identifies and meets market needs," emphasized Jurvetson. "I am delighted to see an independent analysis concur with DFJ's assessment of Lumidigm." The research firm of Frost & Sullivan recently awarded the New Product Innovation of the Year Award, Fingerprint Biometrics, North America, 2010, to Lumidigm. According to Frost & Sullivan, Lumidigm's "innovative technology allows Lumidigm fingerprint sensors to provide highly accurate biometric data even in adverse conditions where traditional fingerprint sensors fail."
More information about Lumidigm is available at www.lumidigm.com.
Lumidigm Inc., the multispectral imaging biometrics company, is dedicated to enabling convenient, secure, and reliable identification and verification. Lumidigm fingerprint sensors capture superior images quickly, on all people, in all conditions. Everyone can be enrolled. Everyone can be verified. Lumidigm's sensors are quick and easy to use - perfect for any application in which speed, security and reliability are paramount. Headquartered in Albuquerque, New Mexico, Lumidigm sensors are distributed worldwide. Lumidigm's initial venture capital investors are DFJ New England, Draper Fisher Jurvetson, Epic Ventures, Intel Capital, International Venture Fund and Solstice Capital. Other investors include Methode Electronics, Motorola Ventures, New Mexico Co-Investment Partners managed by Fort Washington Capital, and Sun Mountain Capital. For more information, visit www.lumidigm.com.
9 out of 10 startups fail to achieve their stated business objectives. fundedIDEAS was established with the sole objective of discovering the ones that will. Rating each startup on 14 parameters, from strength of the management team, business model and execution strategy to industry and sector outlook - we deploy the most advanced methodology to establish the stability, sustainability and outlook of venture funded startups. To know more, please visit www.fundedIDEAS.com
Philip Scarfo, Lumidigm, 505-730-4949, email@example.com
Tom Brigham, Brigham Scully, 207-941-1100, firstname.lastname@example.org