‘Irience’ is a Korean high security solution group based on iris recognition technology. Supported by the Gyeonggi province Center for Creative Economy and Innovation (CCEI) and KT, Irience showed rapid growth and entered the Silicon Valley to expand horizons to the US market. On October 28th, Irience announced that they were chosen as the startup to join the CCEI-KIC (Korea Innovation Center) Silicon Valley startup incubator program. In early October, Irience moved to Silicon Valley to network with professionals in various areas and to prepare for localization. Based on its iris recognition technology, along with the expansion into the US security market, Irience plans to reach out to global companies such as Apple and Intel in order to establish a new business model.
“Security devices market in the U.S. has had astounding growth, especially inbiometrics technologies since 9/11, and we are expecting a high demand for our iris recognition solution,” stated Kim Sunghyeun, CEO of Irience. He added that “CCEI, KIC, and KT have helped the company to strategically prepare for its global expansion”. Such support is crucial for small enterprises that have little global business experience,because it decreases the trials and errors the company has to face. Starting with this expansion to the US market, Irience is planning to enter other global markets such as South America, Europe, Russia, Middle east, and Southeast Asia.
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