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FST21's $5m earmarked for U.S. expansion

September 11, 2013Martha Entwistle

SOUTHBOROUGH, Mass.—The majority of the $5 million cash infusion FST21 received will be spent on marketing and sales in the U.S. market, Shahar Belkin, CTO for FST21, told Security Systems News. “We want to be a big company in the field,” he said. “The next two years is a window of opportunity for us to grow in the U.S. market [before others copy the FST21 technology],” he said. Israel-based seed and early-stage fund LV Holdings led the fundraising round, which...

Access Control, Biometric, FST21, lv holdings