• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

HID Global Contributes to $23 Million Round of Paravision Funding

May 12, 2021

Paravision will be looking to expand after bringing in $23 million in its latest funding round. J2 Ventures acted as the leader for the round, which had additional input from Marlinspike Capital, Atomic, Icon Ventures, Perot Jain, Red Cell Partners, and HID Global, amongst others.

HID Global Contributes to $23 Million Round of Paravision Funding

Of those backers, HID Global is perhaps the most noteworthy because the identity specialist has indicated that it already has plans to integrate Paravisinon’s facial recognition technology into its own portfolio of access control products. Paravision itself argued that its solution is well-suited to server-side and edge processing applications, since its SDKs and APIs have been specifically optimized for the Intel, NVIDIA, and Amarella hardware platforms.

Paravision plans to use the funds to round out its technology team and boost its development efforts. It will also bring on more staff to liaise with its various partners.

“We see something truly unique in Paravision,” said J2 Managing General Partner Alex Harstrick. “They are a leader in computer vision and face recognition and a dynamic company that has earned the respect and partnership of the world’s leading identity solution providers.”

“We feel incredibly fortunate to have such great support from both financial and strategic investors and the opportunity to build upon the technology and market foundation we’ve been able to establish in a relatively short time,” added Paravision CEO Doug Aley. “It resonates with what we’ve been seeing in the market, which is that partners appreciate the customer benefits of building around the most accurate and resilient technology.”

Paravision’s algorithm has consistently performed well in multiple rounds of NIST testing, posting error rates that are two to three times lower than those of other American facial recognition providers. The company released its fourth-generation facial recognition solution in September, and recently appointed a new Ethics Advisor to help guide the future development of its facial recognition tech.

–

May 12, 2021 – by Eric Weiss

Related News

  • HID Global e-Book Makes Case for Retail Facial RecognitionHID Global e-Book Makes Case for Retail Facial Recognition
  • ID Talk at FTE: Biometrics Experts Speak on the Future of TravelID Talk at FTE: Biometrics Experts Speak on the Future of Travel
  • BREAKDOWN: Venture Capital Floods Into Facial RecognitionBREAKDOWN: Venture Capital Floods Into Facial Recognition
  • AnyVision Raises $235M in SoftBank-led Funding RoundAnyVision Raises $235M in SoftBank-led Funding Round
  • Jumio Completes $150 Million Funding Round With Great Hill PartnersJumio Completes $150 Million Funding Round With Great Hill Partners
  • Passwordless Authentication Startup Completes $6M Funding RoundPasswordless Authentication Startup Completes $6M Funding Round

Filed Under: News Tagged With: Biometric, biometric access control, biometrics, face biometrics, facial recognition, funding rounds, HID Global, investment funding, J2 Ventures, Paravision

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Who Are Moscow’s Surveillance Tech Vendors?—Identity News Digest
  • Innovatrics Launches New Face SDK, Upgrades ABIS Enrolment
  • Biometric Identity and Access Prism by Acuity Market Intelligence and FindBiometrics
  • Biometric Identity and Access Prism Preview
  • BIPA, Biometrics, and a Couple of Tech Giants: Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics