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Perimeter Labs Brings New Levels of Trusted Identity to Digital Society
Canopy Ventures and International Venture Fund back Perimeter Labs to advance digital identities
Lindon, Utah—May 16, 2007—Perimeter Labs Inc., today marked its launch with patented technology to enable trusted digital identities required for a true digital society. Perimeter Labs is creating the next evolution of software and services to better establish the safe and secure extension of personal identity into the digital realm.
Backed by Canopy Ventures of Lindon, Utah and Silicon Valley firm International Venture Fund, Perimeter Labs has secured funding to launch the company into the marketplace and provide organizational support.
“Identity theft and lack of trust are two of the main roadblocks to transition to a true digital society,” said Patrick Langford, CEO of Perimeter Labs, Inc. “Our patented solutions provide a process by which a person’s legal identity can be extended into the online world, securing it against theft or tampering and enabling them to conduct transactions with the same measure of trust as they would offline. We have a unique ability to capitalize on ‘Witnessed Authentication’ for the online realm which builds upon the confidence people have in trusted parties in the physical realm.”
Perimeter Labs has established a licensing program for OEM partners to create applications that are enabled by Witnessed Authentication. Witnessed Authentication of electronic documents for the purpose of assigning Digital Identity is the key to the future of secure, trusted, online business and legal transactions.
“The ability to successfully tie together personal and digital identities is critically important for the future of personal and business transactions online,” said Ron Heinz, managing director of Canopy Ventures. “Individuals and organizations are tiring of unfulfilled promises of safety and are demanding a higher level of trust online. Perimeter Labs is responding with an innovative set of solutions including the CryptoNotary Toolkit which encloses, digitally signs and validates electronic notarial documents.”
Perimeter Labs has acquired the following "Arcanvs" patents as the foundation for its products:
5,872,848: Method and apparatus for witnessed authentication of electronic documents
6,044,462: Method and apparatus for managing key revocation
6,085,322: Method and apparatus for establishing the authenticity of an electronic document
For more information please visit http://www.perimeter-labs.com
About Perimeter Labs
Founded in 2007, Perimeter Labs is dedicated to creating software and services to enable true digital identity and the formation of true digital society. Leveraging patented technology, the company provides Witnessed Authentication whereby trusted business relationships and transactions can be extended to the digital world. Perimeter Labs is located in Lindon, Utah. Please visit http://www.perimeter-labs.com for more information.
About Canopy Ventures
Canopy Ventures is an early-stage venture capital firm targeting information technology companies in the western United States. Its primary areas of focus include enterprise software, IP video technologies, networking and communications, security software, WI-FI broadcasting, IT hosting and software as a service. Its offices are in Lindon, Utah. More information may be found at http://www.canopy.com.
About International Venture Fund
International Venture Fund I (IVF) is a seed and early stage equity provider with an investment focus on high growth rate business opportunities in its primary target markets of Arizona, Hawaii, New Mexico and Utah. The Fund is an active co-investor and leverages seed and early stage investment opportunities in the ever present investment gap between the angel investors and larger venture funds. http://www.invencor.com
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