What Precise Biometrics does

Precise Biometrics AB is a Swedish biometrics software company founded in 1997 and listed on Nasdaq Stockholm (ticker PREC), headquartered in Lund with regional offices across the United States, China, South Korea, and Taiwan. The company develops AI-driven biometric algorithms for fingerprint, palm, and facial recognition, organized into two business areas: (1) a Biometric Tech Suite — comprising BioMatch (matching), BioLive (anti-spoofing and liveness detection), BioEnhance (image signal processing), Palm Access Pro (touchless palm authentication), and Biometric Services — licensed to global semiconductor and sensor manufacturers including Qualcomm, Infineon, and Egis for embedding in mobile phones, automotive, laptops, IoT, and government ID programs; and (2) turnkey Systems — Precise Access (physical access control) and Precise Visit (visitor management, via the 2021 EastCoast Solutions acquisition) — sold as SaaS to enterprise customers across Europe and North America.

The company monetizes through per-unit royalty licensing to sensor/OEM partners and subscription-based SaaS for its enterprise systems, with revenue recognized on a quote-based enterprise sales motion. Precise Visit serves more than 800 customers (including Telia, Bosch, SSAB, KPMG, Alfa Laval, Skandia, and Bonnier), and the company's algorithms process over 100,000 biometric verifications per second globally. In FY2025, net revenue was approximately SEK 77.8 million (~$8.5 million), a significant decline year-over-year, with marginal positive EBITDA of SEK 0.2 million. The company's reported differentiators include a 25-year biometric R&D track record, AI-driven algorithms trained on real and synthetic data, GDPR-compliant privacy-first architecture, and the recent FAR better than 1-in-100 million milestone for touchless palm recognition.

In March 2026, Precise announced a merger of equals with sensor hardware company Fingerprint Cards (FPC), approved by shareholders on April 30, 2026 and expected to close in Q3 2026, valuing FPC at approximately SEK 135.7 million and targeting SEK 45 million in annual cost synergies. The combined entity plans a rights issue of approximately SEK 110 million to fund growth and global expansion post-merger, creating a Nordic full-stack biometrics platform spanning sensors, algorithms, and enterprise software.

Name

Precise Biometrics

Legal name

Precise Biometrics AB

Website

https://precisebiometrics.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Precise Biometrics AB is a Swedish AI-driven biometric software company that licenses fingerprint, palm, and facial recognition algorithms (BioMatch, BioLive, BioEnhance, Palm Access Pro) to global sensor manufacturers and sells turnkey SaaS access and visitor management systems to enterprise customers across Europe, North America, and Asia-Pacific.

Ownership category

akta.pro rank

Headquarters

HQ city

Lund

HQ country

Sweden

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Biometric Algorithm Licensing: Licensing of biometric software products (BioMatch, BioLive, BioEnhance) to global sensor manufacturers. Software is embedded in devices and systems across mobile phones, automotive, laptops, IoT devices, and government ID programs. Revenue generated through per-unit royalties and technology licensing agreements with major semiconductor and sensor companies.
2. SaaS Enterprise Solutions: Subscription-based SaaS delivery of Precise Access (physical access control) and Precise Visit (visitor management) solutions to enterprise customers. Delivered through cloud-based platform with per-customer or per-deployment pricing.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Precise Biometrics develops and sells an AI-driven biometric software suite for fingerprint and palm recognition (BioMatch matching, BioLive anti-spoofing, BioEnhance image signal processing, Palm Access Pro touchless palm authentication) that is licensed to global sensor manufacturers for embedding into devices. The company also delivers turnkey SaaS systems — Precise Access for facial/palm physical access control and Precise Visit for visitor management — to enterprise customers.

Product overview

Precise Biometrics offers a two-tier product portfolio: (1) Biometric Tech Suite - a modular software platform for finger and palm recognition comprising BioMatch (AI-driven biometric matching algorithm), BioLive (anti-spoofing/liveness detection), BioEnhance (image signal processing for image quality), Palm Access Pro (touchless palm authentication with MFA), and Biometric Services (data collection/expertise); and (2) Precise Biometrics Systems - turnkey solutions combining Precise Access (facial/palm physical access control) and Precise Visit (visitor management system by EastCoast). Products operate independently or integrate together, delivered via licensing (to sensor manufacturers) and SaaS models (for enterprise systems), supporting over 100,000 biometric verifications per second globally.

Differentiator

Problem solved

Functional benefit

Brands

• Precise Visit: Visitor management system with biometric access control features including face and palm recognition and QR codes.
• Precise Access
• BioMatch
• BioLive
• BioEnhance
• Palm Access Pro

Products and services

• BioMatch AI-driven biometric matching platform for finger and palm recognition that delivers industry-leading biometric performance, optimized for matching in resource-constrained system environments and used over 100,000 times per second globally. Licensed to sensor manufacturers and technology partners worldwide.
• BioLive World-leading anti-spoofing and liveness detection software for fingerprint and palm recognition. Identifies fake fingerprints by analyzing image differences between genuine live prints and spoofed artifacts. Used across mobile phones, laptops, vehicles, logical access, and government initiatives.
• BioEnhance Advanced Image Signal Processing (ISP) product for biometric image enhancement. Minimizes noise, enhances fingerprint features, adapts to display backgrounds and temperature changes, and delivers high-quality processed images for optimal biometric accuracy and reliability.
• Palm Access Pro Touchless palm access solution combining advanced palm recognition, anti-spoofing technology, and mobile credentials for multi-factor authentication (MFA). Privacy-first architecture with biometric template stored on the mobile device, shared encrypted only when approaching the access point.
• Precise Access Seamless and secure biometric physical access control with facial or palm recognition. Offers unmatched privacy and protection for commercial buildings with smooth physical entry authentication, formerly branded YOUNiQ Access.
• Precise Visit Modern visitor management system for secure and efficient visitor check-in, trusted by 800+ customers. Provides cloud-based visitor management with QR codes, face and palm recognition for visitor authentication, formerly branded EastCoast Visit.
• Biometric Services Professional biometric expertise and data collection services, including internal data collection, spoof material creation, and biometric consulting for customer optimization of fingerprint and palm recognition algorithms.

Quantifiable outcome

• False Accept Rate (FAR) of better than 1-in-100 million for touchless palm recognition
• +3 more outcomes

Named customers10 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability7 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Avigilon (Motorola Solutions)coreStrategic or Co-development Partner · 25 March 2026Strategic partnership to showcase integrated biometric physical access solution at ISC West 2026. Combined Precise facial and palm recognition with Avigilon's Alta Access control system for multi-factor authentication in cloud-connected physical security environments.
• SecuGencoreStrategic or Co-development PartnerPartnership to develop biometric fingerprint scanners with liveness detection technology meeting India's Aadhaar L1 security standard and MOSIP's L1 requirements. Devices emphasize security features including secure chips and trusted execution environments.
• MOSIP (Modular Open Source Identity Platform)coreTechnology or IntegrationBioMatch biometric matching platform validated as MOSIP compliant and listed in MOSIP Marketplace, enabling deployment in digital identity programs built on the open-source framework across 29 countries with 185+ million issued digital identities.
• QualcommcoreOEM/ Whitelabel/ Licensing PartnerTechnology partnership where Precise's biometric algorithms complement Qualcomm's 3D ultrasonic fingerprint sensors, ensuring industry-leading performance at high security levels for mobile devices.
• Fingerprint Cards (FPC)flagshipStrategic or Co-development PartnerMerger of equals combining Precise (software/algorithms) with Fingerprint Cards (hardware/sensors) to create Nordic biometric powerhouse. Merger approved April 30, 2026, expected to close Q3 2026. Creates full biometrics stack from sensors to software with expected SEK 45M annual cost synergies.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• HID Global: Identity and access management provider with a strong biometric product line (fingerprint and facial readers) used in physical access, workforce management, and government ID. Competes head-to-head with Precise Access and Palm Access Pro in commercial-building access deployments.
• Egis Technology: Taiwan-based fingerprint sensor and biometric algorithm vendor serving smartphones, PCs, and government ID markets. A current Precise customer/partner and a direct peer in fingerprint matching algorithms and image signal processing for resource-constrained devices.
• Aware Inc. US-listed biometric software and algorithm company providing fingerprint, face, and iris matching SDKs to OEMs, system integrators, and government agencies. Closely comparable to Precise's Biometric Tech Suite as a software-only biometric IP licensor.
• Fingerprint Cards: Swedish biometric sensor and software company, currently merging with Precise Biometrics. FPC manufactures fingerprint sensors for smartphones, automotive, and IoT—the closest functional and geographic comparable, and Precise's most direct collaboration partner and merger counterparty.
• Suprema Inc. Korea-based provider of biometric access control solutions (fingerprint, face, mobile credentials) for enterprise and government. Directly comparable to Precise Access/Palm Access Pro in physical access, with overlapping OEM and integrator channel.
• IDEMIA: Global leader in biometric and identity solutions spanning public security, payment, and enterprise access. Directly comparable to Precise across fingerprint, facial, and palm recognition; physical access control; and large-scale government ID programs (where IDEMIA is also MOSIP- and Aadhaar-active).

Emerging players

• Cognitec Systems: Germany-based facial recognition technology vendor focused on border control, national ID, and surveillance. Comparable to Precise's facial recognition components used in Precise Access and government identity programs.
• Veridas: Spanish biometric identity verification (face, voice, document) provider serving banks, telcos, and governments. Comparable to Precise on multimodal biometric onboarding and digital identity, particularly in the MOSIP-style national ID ecosystem.

Broad incumbents

• Thales: Global digital identity and security incumbent with biometric enrollment, identity verification, and border-management solutions. Operates in the same physical-access and government-ID markets as Precise but as part of a much larger portfolio across defense, aerospace, and digital security.
• NEC Corporation: Large technology incumbent with a leading facial recognition and biometric matching business (NeoFace) used in airports, public security, and government programs. Competes with Precise on multimodal biometric matching accuracy and large-scale identity deployments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pbiometrics
• LinkedInlinkedin.com/company/precise-biometrics

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precise Biometrics