Delta ID: Intel-backed Newark startup sold whose tech uses eyes to unlock devices

Newark-based Delta ID, which makes software capable of quickly identifying people using their iris, Wednesday agreed to sell itself to a Swedish technology company for $109 million, plus additional earnouts if certain revenue targets are met. It's a big win for the 15-person company, which started in 2011 and raised a little over $6 million in funding from Intel Capital. The acquisition is roughly 17 times more than Intel Capital's total investment, meaning the venture firm will likely walk...