Voice Biometric Startup InCights Mobile Raises Angel Funding

Voice Biometric Startup InCights Mobile Raises Angel Funding

InCights Mobile Solutions, a provider of voice biometrics software and delivery systems has raised angel funding led by a group of investors including Anand Lunia of India Quotient, Iamwire states. The company plans to use the funds to expand outside India and it is also looking to shift to US.

The fund will also be utilized to launch new services in the gaming and entertainment sector. Hyderabad-based Incights Mobile Solution was launched in 2010. It offers a voice biometrics engine and associated services, where it uses a person’s voice as the unique identifier, enabling real-time identity verification.

Its voice Biometrics service can be used to provide protection against identity theft, protected access to information, secure login for remote workers, secure automated authentication, call center transactions, or mobile commerce connections.

The company was among the 30 startups accelerated by Nasscom. The startup is supported by Microsoft BizSpark, IAN and IIIT-H. The current applications of the startups includes Contact center caller verification, IVR Caller verification, Mobile app authentication, Web transaction validation.

According to the survey conducted, smartphone users have grown frustrated with current authentication methods and 90% of them are eager to use voice biometrics in place of existing methods.

The overall market for voice and face biometrics is expected to reach nearly $3 billion by the end of 2018. Like the various biometric options, voice-based identity authentication can be used in tracking attendance, financial transactions and a host of others where authentication is needed. […]

Source: dealcurry.com
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