India’s first inventor of Iris Recognition Technology Biomatiques gets to top 3 to secure the Fund of Funds

MUMBAI: Biomatiques Identification Solutions Pvt Ltd was recently named among the top 3 of the 88 Indian start-ups to benefit from the INR 10,000-crore ‘Fund of Funds’ (FFS) announced by the Government of India. Biomatiques, a Surat-based firm, is the first Indian company to introduce ‘Iris Recognition Technology’ in the country. Iris recognition method is an automated form of biometric identification that uses mathematical pattern-recognition techniques on video images of one or both of the irises of an individual's eyes, whose complex random patterns are unique, stable, and can be seen from some distance.

Commenting on the occasion Tamaal Roy – CEO Biomatiques Identification Solutions Pvt Ltd said, “We are motivated and happy to be amongst the top 88 start-ups to be benefited from the Fund of funds. After getting Standardization, Testing & Quality Certification (STQC) from the Department of Electronics & Technology (DeitY), this has been one of our major achievements. This initiative by the Government of India will surely boost entrepreneurship and job creation across the country.”

“Security and accountability are the two major reasons why we are in the business of biometrics. In a country like India which happens to be the second largest in the world in terms of population, maintaining records, ensuring seamless and effortless tracking of citizens and eradicating mal practices around distribution of government benefits and subsidies can be quite challenging. Our technology will definitely play a pivotal role in changing the security infrastructure of India,” added Roy.

Iris Recognition Technology uses random textures that are visible in the eye, using the eye to confirm someone’s identity. An algorithm is created to map the random pattern and then generate a unique biometric template for human identification which is unique for every individual. Apart from the technology, even on the price front, Biomatiques has managed to bring the cost down and is at par with the makers of fingerprint technology. The company uses its patented hardware technology and copyrighted Iris recognition software to make versatile and viable solutions. With its wide range of products, including standalone and cluster, they provide security solutions for individuals, townships, government departments and from small-medium enterprises to large corporations.