AirSig, a Taiwanese startup that makes authentication products for mobile devices, has received $2 million in investment from Foxconn Technology Group. In return, Foxconn will hold a 10 percent stake in the company, which puts AirSig’s valuation at $20 million, the company said.
Air Signature, AirSig’s main product, uses the g-sensors in gyroscopes in smartphones to let users unlock their devices by “writing” their signature in the air. The tech is available through AirSig’s app AirSign Unlock, which is available on Google Play. In addition to mobile devices, Air Signature technology can also be used for e-payment and e-commerce apps, as well as smart devices. For a demo, see the below video.
In a statement, AirSig’s CEO Pokai Michael Chen said that the investment from Foxconn will be used to accelerate development of the company’s tech and its expansion into global markets.