Biometrics News – Facial Recognition The fashion brand Ruti is looking to expand with $6 million in Series A funding. While some of the money will be used to open new retail locations and improve its online storefront, some of it will be used to develop a proprietary facial recognition platform that will offer a…
Yoti has secured £8 million in new equity investment in the company’s third successful funding round since its debut in 2017. The new funds will be invested in product development and expansion as the company searches for new partners. “Over the past few years we have invested about £65 million to develop our privacy-preserving identity…
Hong Kong-based AI specialist Megvii has raised $750 million through its latest funding round, the company has announced. The news comes after Megvii raised $600 million in an investment round last year, and amid speculation that the company is planning an IPO. It’s now valued at a little over $4 billion. The announcement also comes…
“Alcatraz AI has indicated that it will use its new capital to further refine its computer vision technology…” Alcatraz AI, a biometric AI startup founded by a former Apple engineer, has brought in $6 million in venture capital through a new funding round. The company specializes in 3D facial recognition for access control. It was…
“Much of the excitement can be attributed to a broader buzz over the emergence of fingerprint-scanning payment cards, an area in which Zwipe has established a solid footing ahead of large-scale rollouts.” Zwipe‘s big share offering last week proved to be a great success, the company reports. The fingerprint biometrics specialist had announced that it…
“The platform’s tools will allow for the development of computer vision systems that can detect, classify, count, and track objects, and that can perform facial recognition.” San Diego-based computer vision startup AlwaysAI has brought in $4 million in funding through a series-A investment round, the company has announced. The round was led by BRV, a…
“The investors are evidently excited about Pindrop’s enterprise security technology, which is designed to use a range of metrics to detect potential fraud in inbound calls, including metadata such as geolocation, background noise, and even voice recognition. “ Pindrop has brought in $90 million in its latest funding round, the company has announced. The round…
“The Cognitive Authentication platform powers a specific Single Sign-On solution called “It’sMe”, which is designed to operate across mobile devices, web browsers, and enterprise applications.” Portland-based authentication startup Acceptto has officially launched, announcing its new Cognitive Authentication platform. The company says that its platform is based on machine learning, and that it’s designed to replace…
Xiaozhu, an Airbnb-like service based in China, has announced that it has brought in $300 million in its latest financing round, and will use part of the capital influx to develop smart home technology, which could involve biometrics. The funding round was led by Advantech Capital and Yunfeng Capital, a venture capital firm backed by…