CHARLOTTESVILLE, VA – Privaris Inc., a company making biometric ID products, has raised slightly over $1 million in debt funding, according to a regulatory filing.

The filing with the U.S. Securities and Exchange Commission did not cite the lender(s) and Privaris CEO Mike Kohonoski has not yet returned TechJournal South’s call.

The company raised about $18.2 million in venture backing from investors including Harbert Venture Partners, Noro-Moseley Partners, River Cities Capital Funds, SpaceVest Capital and Privaris’ existing investors.

Founded in 2001, the company was funded by private individuals prior to the first round.

Privaris’ wireless, personal biometric products work with existing physical and logical (IT) security infrastructure to authenticate the identity of an individual prior to that individual being granted access to facilities, IT resources, services and transactions.

The core of Privaris’ offering is a patented, wireless, keychain device that uses fingerprint-based biometrics to authenticate its user prior to releasing the information needed to perform a transaction.

The fingerprint data is stored and processed only on the device and is never released so as to protect an individual’s personal privacy.

By providing full compatibility with existing door readers and IT security systems, Privaris products enable rapid enterprise deployment of biometric verification for a wide range of applications – no installation or middleware is required.

In January, Privaris was selected as one of the Red Herring Top 100 Global Companies, from over 1,800 finalists across North America, Europe, and Asia.

On the Web: www.privaris.com

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