Former Israeli PM Barak Joins Biometric Start-Up
Former Israeli Prime Minister Ehud Barak has joined the board of a local startup that specializes in biometric identification technology.
FST Biometrics announced Monday that it had received a $15 million investment from GMF Capital, a firm led by Swiss investor Gary Fegel, and that Barak would serve as GMF’s representative on the company board.
FST says it uses a combination of facial recognition and behavioral analytics in its products, and that its clients include governments and corporations. Its founder and chief executive is Aharon Zeevi Farkash, a former head of Israeli military intelligence.
Barak, a former Israeli military chief, served as prime minister from 1999 to 2001. More recently, he served as defense minister, before retiring from politics in 2013.
“Based on my deep knowledge of Israel’s security ecosystem and the secure access solutions market, I am convinced that FST Biometrics has developed the market leading Secure Identification solution for today’s market and that of the foreseeable future,” Barak said, adding, “I look forward to supporting the company’s efforts.”
The news comes a month after Barak invested $1 million in start-up company Reporty Homeland Security.
This article appeared in print on page 6 of edition of Hamodia.
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