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Foxconn invests $2m in Taiwan’s AirSig

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Electronics manufacturer Foxconn Technology Group has invested $2 million for a 10% stake in AirSig, a Taiwan-based mobile authentication start-up.

The investment values AirSig at $20 million.

Set up in June, AirSig's main product - Air Signature - allows users to unlock devices by writing their signature in the air. For example, when the mobile screen is locked, a user can be verified and gain access to an e-mail application by writing the word "mail" in the air with the mobile phone, without having to enter a password.

In addition to mobile devices, Air Signature technology can also be used for e-payment and e-commerce apps, as well as smart devices.

AirSig claims that its Air Signature technology is easier to use, more efficient, comes at a lower cost and can be used across a wider range of applications than fingerprint, facial or gesture recognition solutions.

Foxconn's investment will accelerate AirSig's technology development and support its expansion into global markets, AirSig CEO Pokai Chen said in a statement.

Earlier this year, the Taiwanese conglomerate teamed up SingTel Innov8 to invest $3 million in KAI Square, a Singapore-based video analytics firm.

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