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Alibaba just bought a biometrics startup that scans people’s eyeballs

Do you trust Jack Ma with your biometric data?  A subsidiary of Alibaba Group just bought EyeVerify, a Kansas City, Missouri, startup that makes eye-scanning software for biometric authentication. Bloomberg reports that the $70 million deal marks the first U.S. investment for Alibaba’s finance arm, Ant Financial. EyeVerify lets smartphone users unlock their phones through an eye-scanning verification … Continue reading “Alibaba just bought a biometrics startup that scans people’s eyeballs”

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Do you trust Jack Ma with your biometric data? 

A subsidiary of Alibaba Group just bought EyeVerify, a Kansas City, Missouri, startup that makes eye-scanning software for biometric authentication. Bloomberg reports that the $70 million deal marks the first U.S. investment for Alibaba’s finance arm, Ant Financial. EyeVerify lets smartphone users unlock their phones through an eye-scanning verification process that uses the patterns in people’s eye veins.     

About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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