The contract manufacturer has invested the money in online authentification company AirSig in return for a 10% stake.
AirSig Technology, a Taiwan-based start-up specialising in authentication systems has revealed that it received $2m in seed funding from electronics contract manufacturer Foxconn Technology Group, which has taken a 10% stake in the company.
The start-up plans to use the funds to expand its activities internationally and accelerate the development of new products, according to CEO Pokai Michael Chen.
AirSig develops secure ways of personal identification for portable devices enabling users to avoid lengthy passwords. Its technology uses a g-sensor…