Intel acquires Idesia Biometrics

Intel will pay several million dollars for the biometrics start up, which identifies people based on their unique heartbeat.

Sources inform "Globes" that Intel Corporation (Nasdaq: INTC) has acquired Israeli medical device company IDesia Biometrics. Intel has for some time been showing interest in the medical sector and this has now been reflected in the acquisition of Idesia for several million dollars. Idesia develops heart-based biometric technology that allows personal computers, mobile phones and gadgets to personally recognize heartbeats.

IDesia, which was founded by CEO Dr. Daniel Lange and Yossef Gross, uses an electrical signal generated by the heartbeat to create an “electro biodynamic signature” unique to every individual, establishing a biometric identity that cannot be forged. The product only requires contact between the finger of the person being checked and a small metal sensor, and it therefore can be used at airports and border crossings as well as to access personal electronic equipment.

The company has raised $7 million to date from French-US venture capital fund Partech International and Aladdin Knowledge Systems, now a unit of Safenet and formerly controlled by Yanki Margolit. Aladdin has worked together with IDesia on one of its products.

IDesia's chairman is Gidi Barak who has previously sold two companies to Intel: Envara in 2004 for $40 million and DSPC, which was sold to Intel in 1999 for $1.6 billion.

Last year Intel acquired Telmap, an Israeli location-based services company, for $300 million. Telmap became part of Intel’s consumer services division.

The Intel division acquiring the product is the Perceptual Computing Division, which is coordinated by Intel VP and Israel president Mooly Eden. This division strives to improve the user experience but it is not yet clear what Intel will do with IDesia's technology.

Lange told "Globes," "I think that the main investors in the company are satisfied with the deal. It's not the exit of the century but it might reward all those involved by more in the future."

Lange will serve as a consultant to Intel as the product is integrated in the coming months. He added, "Identification on the basis of heartbeat is not a biometric measurement recognized by any government body, we concentrated in recent years on sales in the consumer products sector and in this field large capital is needed to penetrate markets, and in Israel it is difficult to raise capital for an end-use electronic product.

Idesia has 14 employees of which 10 are in Israel.

Lange said, "I would be happier if the company had not had to be sold because in my opinion it has great potential. But as an entrepreneur the most important thing is that the technology will be brought to market, and it looks like Intel is the company that can ensure that."

Published by Globes [online], Israel business news - www.globes-online.com - on July 2, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

President Donald Trump hosts Prime Minister Benjamin Netanyahu credit: Reuters Kevin Mohatt Israeli officials confident on US tariff concessions

Senior Israeli figures believe that concessions could be tied to progress on strategic regional political issues that are important to President Trump.

Phoenix Investment House CEO Avner Hadad  credit: Tommy Harpaz "The market has priced in all the bad things"

Phoenix Investment House CEO Avner Hadad says US markets could continue to fall, but that we are close to interesting territory for patient investors.

Tel Aviv credit: Shutterstock Tel Aviv slips in World's Wealthiest Cities ranking

Tel Aviv's position as one of the world's wealthiest cities took a big knock over the past year as it slipped from 42nd to 48th in investment advisors Henley & Co.'s "World's Wealthiest Cities" Top 50 ranking.

Leviathan platform  credit: Albatross C'ttee seen recommending no cut in gas exports

The Dayan committee on the future of the gas sector estimates that Israel's natural gas reserves will run out in 2045.

Accountant General Yali Rothenberg credit: Rafi Kutz Israel's fiscal deficit continues to narrow

The deficit narrowed in the twelve months to the end of March 2025, for the sixth consecutive month, Ministry of Finance accountant general Yali Rothenberg reported today.

Arkia credit: Arkia Arkia cuts Tel Aviv - New York April fares

Arkia has cut fares at the last minute, a time when prices usually soar even higher, according to the pricing method used in the industry.

Bank of Israel Governor Prof. Amir Yaron credit: Dani Shem Tov Knesset Spokesperson BoI Governor: US tariffs could push up inflation in Israel

Prof. Amir Yaron tells "Globes" that there is a risk that the new tariffs will cause inflation to rise in the US, with a knock-on effect for Israel.

US President Donald Trump and Prime Minister Benjamin Netanyahu April 7, 2025  credit: Avi Ohayon, Government Press Office Netanyahu fails to persuade Trump to remove tariff on Israel

Asked by reporters whether Israel would be exempted from his tariffs policy, US President Donald Trump replied, "Maybe not. Don’t forget we help Israel a lot."

FBI to investigate Nakash Group Israel CEO

The complaint against Avi Hormaro was filed with the FBI offices in Miami, Florida, where many of the group's companies are incorporated, "Globes" has learned.

Bank of Israel credit: Shutterstock Israel's forex reserves fell in March

Israel’s foreign exchange reserves at the end of March 2025 fell to $218.821 billion, a decrease of $1.433 billion from their level at the end of February, the Bank of Israel reports.

Bank of Israel Governor Prof. Amir Yaron credit: GPO BoI keeps rate unchanged, cuts growth forecast

The Bank of Israel is concerned about inflation, the escalation of the war in Gaza, which has raised Israel's risk premium, and the turmoil on global markets set off by the trade war.

Eilat Ramon Airport Credit: Sivan Farag Eilat Municipal Spokesperson Russian airline to kick-start int'l flights from Eilat's Ramon airport

Russian airline Red Wings is to launch direct flights between Eilat's Ramon airport and Moscow and Sochi in Russia starting June 12.

High-tech credit: Shutterstock 8,300 tech employees left Israel after start of war

Amid increased relocation, Israel's tech workforce has contracted for the first time in over a decade, the Israel Innovation Authority reports.

Donald Trump  credit: Shutterstock Israel can't escape impact of tariffs

Even if Israel obtains relief from the tariff imposed on it by US President Trump, it will feel the global effects of the trade war, analysts say.

Shekel versus US dollar  credit: Tali Bogdanovsky US market slide shakes shekel

The shekel weakened significantly against both the US dollar and the euro at the opening of foreign exchange trading today.

Arik Faingold credit: Nati Levi Israeli autonomous frontend co AutonomyAI raises $4m

Led by Arik Faingold, the founder of cybersecurity unicorn Pentera, AutonomyAI offers a platform that learns and understands the full organizational context and generates code that can be deployed directly to the production environment.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018