Intel Capital will exit Iris verification technology developer Delta ID in a $106m acquisition by Fingerprint Cards, three years after investing in its $5m series A round.

Intel Capital, the corporate venturing subsidiary of chipmaker Intel, will exit US-based iris recognition technology producer Delta ID in a $106m acquisition by identity verification technology provider Fingerprint Cards agreed yesterday.

Founded in 2011, Delta ID has created a cloud-based system called ActiveIris it claims is the only iris recognition system available for mobile phones, PCs, tablets and vehicles. It is also certified for use with Aadhaar, the Indian government’s biometric identity system.

Delta ID’s 15 employees will join Fingerprints’…