Bionym, a 2011 spin-out of Toronto University, has rebranded itself as the company prepares to roll out its biometric security wristbands.
Now known as Nymi, the firm will soon be offering wristbands that can unlock devices and provide passwords using the wearer’s heart signature as an unlocking mechanism. Ahead of its official launch, Nymi will be offering Nymi Band Discovery Kits to developers which include the final hardware band along with supporting software.
To date, the firm has raised $15.4m in external funding, $14m of which came in a series A in September. Investors in the company include Salesforce.com through its venture arm Salesforce Ventures, Mastercard, angel investor Archangel, state investor Export Development Canada, and venture firms Relay Ventures and Ignition Partners.
Shawn Chance, vice-president of marketing at Nymi, said: “The Nymi Band stands as the only wearables platform that is looking to change the way we provide our identity to the devices and services around us. Due to the scope of the project, the addition of new international partners, and our ongoing commitment to security, we believe that launching the Nymi Band Discovery Kit is an important step towards releasing the final product to pre-orders and the general public.”
