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Deal Dive: VCs are no longer gunshy about firearm startups
Biofire founder and CEO Kai Kloepfer credits the rise of defense tech as the catalyst for instutional interest in his firearm startup.
Twelve years later, that project has turned into Biofire, a firearms company that makes weapons that use fingerprints and facial recognition technology to unlock only for their owners and registered users. When the gun leaves a registered user’s hands, it automatically relocks, Kloepfer told TechCrunch+. Kloepfer knows that Biofire can’t solve the gun violence epidemic, but he feels that it can make a difference, especially for children.
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