Excitement continues to grow around EyeDetect, a new lie detection technology ideal for pre-screening potential employees and periodically screening current employees for criminal or unethical behavior. This bridge loan follows after the company’s success in raising $1.25 million in seed funding to date.
LEHI, Utah – Dec. 12, 2014 – Technology start-up Converus, creators of a new lie detection method called EyeDetect, just closed a bridge funding round of $1.35 million. This comes after the company raised $1.25 million in seed funding during 2013, which helped launch its technology EyeDetect in April of this year.
This funding round will be used to build sales and support teams as the company expands its market reach into Latin America. In the last six months, staff at Converus has grown by 300 percent, including the hiring of three executive-level positions and sales executives based in Latin America. In addition, the company has added five resellers, called “Premier Service Providers,” with several more to be announced soon.
“We’re closing deals and growing our customer list, and this funding will ensure we have everything in place to support our partners and customers,” said Converus CEO Todd Mickelsen. “Everything is progressing in our growth as we projected.”
Investors for this bridge funding include Alta Ventures Mexico Fund I, L.P.; Kickstart Seed Fund III, L.P.; entrepreneur Mark Cuban; Peak Ventures Fund I, L.P.; Molecular Cloud, LLC; MSH Capital, LLC; Scientific Assessment Technologies, Inc.; Converus CEO Todd Mickelsen; Converus VP Worldwide Sales Neal Harris; and angel investor David Holland.
For more information, visit www.converus.com.
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Converus (“with truth”) is committed to providing trustworthy credibility assessment solutions. Its flagship product, EyeDetect® — a product first conceived in 2002 — is the first ocular-motor deception detection solution. It’s an accurate, cost-effective, efficient, secure and nonintrusive method that detects deception in 30 minutes by analyzing eye behavior. The same scientists credited with computerizing the polygraph in 1991 developed EyeDetect. It’s a new way for organizations to manage risk and ensure workplace integrity, and for law enforcement agencies and governments to detect deception. Ultimately, it helps protect countries, corporations and communities from corruption, fraud and threats. The company is headquartered in Lehi, Utah, USA. For more information, visit www.converus.com.
Press Contact: Jeff Pizzino, APR / +1 480.606.8292