Belgian Access Control Startup Closes $2.6M Seed Round

Belgian startup NineID has closed a $2.6 million seed funding round, having successfully generated excitement about an enterprise access control platform that supports the use of QR codes and facial recognition. The startup had raised $1.4 million in 2022, and has now following that up with an additional $1.2 million, from investors including Pitchdrive and Comate Ventures.

NineID says it has attracted numerous multinational organizations, including World Forum The Hague, PSA (the world’s largest port group), A.S. Watson (an international health and beauty retailer), and Alpro (part of the Danone Group). These companies have sought out NineID’s access control solution to replace outdated technologies that offer limited security. The start-up’s SaaS platform is designed to offer centralized user identification, certificates, and training documentation; and NineID provides on-site access management hardware that supports QR codes, smartphone scans, and facial recognition.

Founders Roy Jeunen and Frederik Keysers developed NineID’s solution based on their own experiences with cumbersome security procedures, and out of a recognition of the importance of both cybersecurity and physical security.

“Companies often lose sight of physical identity and access management when focusing entirely on cyber security,” said Jeunen. “Physical badges are often prone to sharing, copying, or theft – allowing hackers to gain access to unauthorized premises and use unattended computers or network ports.”

In order to expand their global presence and enhance their access management solution, NineID secured additional funding from investors like Pitchdrive and Comate Ventures, as well as from prominent angel investors in Belgium’s tech sector, including the founders of Showpad, and the founder of Drupal CMS.

With this influx of capital, as well as a recently opened New York office, NineID will seek to accelerate its growth and meet the increasing demand for modern and robust access control solutions in the market.

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June 21, 2023 – by The FindBiometrics Editorial Team