Liopa, a UK-based biometric identity authentication technology spinout from Queen’s University Belfast, today closed a pre-seed round of unspecified amount.
The spinout did not name any investors in the round.
Founded in 2015, Liopa is a spinout of Queen’s University Belfast and the Centre for Secure Information Technologies that focuses on lip movement, speech recognition and image processing.
It was established by Qubis, the institution’s tech transfer arm, which retains a shareholding. The pre-seed round will enable Liopa to develop a technology demonstrator and explore early market opportunities.
Liam McQuillan, chief executive of Liopa, said: “We are greatly encouraged by the willingness of our investor partners to support us at this early point in our journey.
“This strong backing, clear market need for our Visual Speech recognition technology and our exceptionally strong founding team give Liopa every chance to succeed”
