Merck identifies Exostar for $10m investment

Oct 28, 2015 • Thierry Heles

Merck Global Health Innovation Fund has invested $10m in the digital identification service, adding to the $5m it provided in October 2014.

US-based digital identification technology developer Exostar received $10m yesterday from pharmaceutical firm Merck through its Global Health Innovation Fund.

Founded in 2000, Exostar’s platform helps organisations collaborate securely with each other and their suppliers by offering a digital identification and authorisation tool that is compliant with government regulations.

The company was established by aerospace and defence companies BAE Systems, Boeing, Lockheed Martin and Raytheon, and luxury car maker Rolls-Royce. It originally focused on the aerospace and defence sectors, but has…

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