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Venture Capital News: Arkami Announces $1.8M in Series A

2013-08-13
ALISO VIEJO, CA, Creator of myIDkey, today announced a $1.8 Million Series A round of financing.
Arkami™, creator of myIDkey™, today announced a $1.8 Million Series A round of financing. Arkami has just also completed a successful Kickstarter campaign.

myIDkey is the world's first fingerprint, voice-search, secure Bluetooth / USB drive that displays passwords and IDs on the go. It is also compatible with smart mobile devices and personal computers.

As an OCTANe Launchpad company, Arkami presented last month at the VC in the OC conference. myIDkey was recently named CEWeek's Best in Show Premier Product Winner. Arkami unveiled myIDkey this January at the Consumer Electronics Show (CES) in Las Vegas, where it won three Innovation Awards in the categories of Computer Peripherals, Accessories and Personal Electronics.

The funding round included investments from Gordon Clemons, McNeel Capital and Mark Swanson as well as a number of other veteran angel investors. The funding will be used to accelerate the development of myIDkey, meet customer demand, and facilitate company growth.

myIDkey is a complete password management system that fills-in passwords across all frequently used web sites on personal computers and smart mobile devices. It stores all of your passwords and critical information on a portable Bluetooth / USB device. Unlocked with the swipe of a finger, myIDkey enables you to voice-search for logins, passwords and ID information on its own OLED screen for quick access while on the go. By utilizing myIDkey apps for iPhone and Android, you can easily manage and edit passwords and encrypt select files to protect with your unique fingerprint.

myIDkey recently completed a Kickstarter campaign that sold more than 5,000 units in 30 days, making it one of the most successful technology projects ever launched for the consumer market.

'While myIDkey is a compelling market opportunity, what stands out is the management team,' said Gordon Clemons.

'The myIDkey team consists of industry veterans well versed in transitioning from a product concept into a successful enterprise and I am excited to invest in Arkami,' said Mark Swanson. Gordon Clemons and Mark Swanson also join Arkami's Board of Directors.

'This funding round is a great vote of confidence in our vision for myIDkey to replace the need for passwords,' said Benjamin Chen, CEO, Arkami. 'We are very excited to have these strategic professional investors to help guide the growth of the business.'

About Arkami, Inc.
Headquartered in Aliso Viejo, California, Arkami, Inc. recognized a familiar pain point in most digital users' lives and manufactured a simple password management device. myIDkey is the first fingerprint, voice-search, secure Bluetooth / USB drive that displays passwords and ID on the go as well as works with smart mobile devices and personal computers. Now passwords and account information are at the tip of your finger. www.myIDkey.com
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