Canadian start-up Bionym raises $14 million in new round of funding

TORONTO (Reuters) - Canadian tech start-up Bionym said on Wednesday it has raised $14 million in a new round of funding led by Ignition Partners and Relay Ventures. Toronto-based Bionym makes a wearable security device dubbed Nymi, which is set to go on sale later this year. The wristband authenticates identity by using a person's cardiac rhythm, thus eliminating the need for passwords, pin codes and even keys. Bionym said other investors in its latest round of funding include Export Development Canada, MasterCard, and Salesforce Ventures, the corporate investment group of salesforce.com. ...



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