Diaphonics Secures Deal

Diaphonics, a provider of IT security solutions based on biometric voice verification, today announced that Banco Santander International has selected Diaphonics’ Spike Server platform for voice-driven password resets and call recording. Spike Server is a complete hardware and software solution that features biometric voice verification, call recording, audit trail and management utilities.

Biometric Voice Verification Provider Diaphonics Secures $3.5 Million Venture Financing

Diaphonics Inc., a provider of security solutions based on voice verification, today announced the completion of a $3.5 Million (CAD) round of financing. New investors Covington Capital and Innovacorp were joined by previous investors BDC Venture Capital (a division of the Business Development Bank of Canada) and Nova Scotia Business Inc. (NSBI). Diaphonics will use the new capital primarily to expand sales and marketing efforts.

Cardiac Monitor Innovator Raises $1.5 Million

Halifax-based Coeur Metrics, early stage developers of a medical device that measures the heart’s ability to pump blood, has closed a $1.5 million round of financing. Participating investors are BDC’s Technology Seed Investments and Innovacorp.

“The enthusiasm and financial support from BDC and Innovacorp are critical for us,” says Richard Hattin, CEO of Coeur Metrics. "This investment will enable us to further develop our technology based on continuing market research and complete a beta version of the product."

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