UK News: Zamna raises $5m to boost rollout of airport security tech - - PressFrom - United Kingdom
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UK News Zamna raises $5m to boost rollout of airport security tech

11:00  28 october  2019
11:00  28 october  2019 Source:   cityam.com

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Zamna — which uses a blockchain to securely share and verify data between airlines and travel authorities to check passenger identities — has raised a $ 5 m seed funding round led by VC firms LocalGlobe and Oxford Capital, alongside Seedcamp, the London Co-Investment Fund (LCIF)

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a group of people posing for the camera © Provided by City A.M. Ltd

UK startup Zamna, which develops software to automate airport security checks, has bagged $5m (£3.9m) in funding and confirmed International Airlines Group (IAG) as its first client.

The seed funding round was led by venture capital firms Localglobe and Oxford Capital, alongside Seedcamp, the London Co-Investment Fund and O2 parent company Telefonica.

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Zamna also secured re-investment from British Airways owner IAG, which has since become the firm’s first commercial client.

Zamna, formerly known as Vchain, uses blockchain to verify passenger information, reducing the need for manual document checks at airports.

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Zamna — which uses a blockchain to securely share and verify data between airlines and travel authorities to check passenger identities — has raised a $ 5 million seed funding round led by VC firms LocalGlobe and Oxford Capital, alongside Seedcamp, the London Co-Investment Fund (LCIF)

Zamna — which uses a blockchain to securely share and verify data between airlines and travel authorities to check passenger identities — has raised a $ 5 m seed funding round led by VC firms LocalGlobe and Oxford The company is also changed its name from VChain Technology to Zamna .

The London-based company has partnered with Emirates Airline and immigration authorities in the United Arab Emirates to verify passenger data at airports in the region.

Zamna said the funding will be used to support the rollout of its proprietary technology for biographic and biometric data.

“For airport security to successfully become frictionless through biometric capabilities, the first step is to have access to 100 per cent accurate and trustworthy passenger data,” said Irra Ariella Khi, Zamna co-founder and chief executive.

“Zamna is delivering on this – built on a ‘privacy by design’ framework, it ensures that airlines and governments get accurate, trustworthy data in advance of a passenger travelling, enabling the traveller can get through the airport without multiple identity checks.”

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Remus Brett, partner at Localglobe, said: “The team at Zamna has built a platform that will play a major part in the future of travel and aviation security.

“With passenger numbers expected to double in the next 20 years, new technology-driven solutions are the only way airlines, airports and governments will be able to cope.”

Main image credit: Julia Dobrynina

The post Zamna raises $5m as it secures deal with IAG for airport security tech appeared first on CityAM.

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