Former Israeli premier Barak joins biometric start-up

Former Israeli premier Barak joins biometric start-up
In this Monday, Nov. 26, 2012 file photo, former Israeli Defense Minister Ehud Barak speaks to the media in Tel Aviv. Barak has joined the board of a local startup that specializes in biometric identification technology. FST Biometrics announced Monday, May 11, 2015, that it had received a $15 million investment from GMF Capital, a firm led by Swiss investor Gary Fegel, and that Barak would serve as GMF's representative on the company board. (AP Photo/Oded Balilty, File)

Former Israeli Prime Minister Ehud Barak has joined the board of a local startup that specializes in biometric identification technology.

FST Biometrics announced Monday that it had received a $15 million investment from GMF Capital, a firm led by Swiss investor Gary Fegel, and that Barak would serve as GMF's representative on the company board.

FST says it uses a combination of and behavioral analytics in its products, and that its clients include governments and corporations. Its founder and is Aharon Zeevi Farkash, a former head of Israeli military intelligence.

Barak, a former Israeli military chief, served as from 1999 to 2001. More recently, he served as defense minister before retiring from politics in 2013.


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Citation: Former Israeli premier Barak joins biometric start-up (2015, May 11) retrieved 15 September 2019 from https://phys.org/news/2015-05-israeli-premier-barak-biometric-start-up.html
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