PALM BEACH GARDENS, FL – With security a concern everywhere today, biometric sensor technologies are poised to gain some traction. Sonavision, formerly Authorizer Technologies, which makes an ultrasound fingerprint sensor that uses less power than others, has raised $5.87 million of a mixed offering targeted at just over $7 million.

The company disclosed the funding in a regulatory filing with the U.S. Securities and Exchange Commission.

The company, spun-out of Cross Match Technologies in 2006, says its ultrasound technology is significantly more accurate than other methods and uses five times less power, making it ideal for mobile applications.

Market research firm Frost & Sullivan predicted the biometrics market would have a compound annual growth rate of more than 61 percent and produce revenue of nearly $4 billion by 2011.

Sonavision’s fingerprint senors, thinner than a postage stamp, provide identification and medical solutions for consumer, government and bio-medical markets.

Online: www.sonavation.com

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Tags: biometric, financing, Florida, Security, sensor, Sonavision