Veratag

Location:NY, US
Speaker:John Schneiter
Title:CEO
Primary Industry:Security, anti-counterfeiting
Executive Summary:Veratag is an Albany, New York based company formed in late 2006. Company exploits the natural production variation of MEMS resonators to create unique electronic identifiers that are unclonable, both in terms of physical structure and output signals. These micro-resonator structures are used to provide secure identification and authentication that cannot be rivaled using encryption techniques. Used in wireless applications (as a secure form of RFID) as well as in contact-based, electronic lock-and-key applications. The technology can be used to create unique, unclonable tags for applications such as passports, identification cards, licenses, secure physical entry, authentication of high value goods, and anti-counterfeiting. Based on extensive marketing work the Company completed in 2007, the estimated current addressable market is $170MM, growing at almost a $50MM annual rate. Veratag has both exclusive rights to intellectual property from Cornell University’s Craighead Research Group and an experienced entrepreneurial management team to bring the technology to market. It has successfully finished a Phase I SBIR and has proposed a Phase II. The founders collectively bring over 25 years of entrepreneurial experience to Veratag. Between them they have raised more than $70 million in equity financing for previous successful ventures.
Venture is:A-Round

HIGHLIGHTS

Merck
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Harvard OTD
Partner Sponsor

2008 Corporate Presentations

Air Products
Boeing
BP
Cabot
Honda
Kodak
Medtronic
Merck
  • BASF
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Event Sponsors

Univalor
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Collocated Events

June 1-5, 2008
Nanotech 2008
Clean Technology 2008
BioNano 2008

Press Sponsor

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Media Sponsors

(joint with Nanotech 2008) Nature
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Supporting Organizations

Boston University
Midwest Research University Network
piribo

 

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