FindBiometrics
Global Identity Management
The AI company Oloid has come out of stealth mode after securing $5 million in seed funding. The round was led by Emergent Ventures, with additional contributions from Unusual Ventures and other backers. Oloid is the developer of the FaceVault facial recognition platform, which is designed for contactless access control and attendance tracking in essential […]
The South Korean voice recognition startup Posicube has announced that it is hoping to launch an English-language version of its platform in 2021. The company was founded in 2017, and is hoping that the English version will allow it to reach Western markets and fuel a larger global expansion effort. Posicube currently offers two primary […]
The Dublin-based speech recognition specialist SoapBox Labs has secured $6.5 million in Series A funding. The round was led by Elkstone Capital and Astia, amongst other investors. SoapBox is currently working to develop more accurate speech recognition technology for children. The solution acknowledges that children typically have different speech patterns than adults, so speech recognition […]
A relative newcomer to the biometric authentication space, Incode made a big splash in November with the news that it had raised $10 million in funding on the strength of its Incode Omni identity platform. Whereas Incode had originally started as a photo sharing service provider, the company pivoted into facial recognition a few years […]
The Chinese startup iFlytek is hoping to introduce its voice recognition platform at a national scale within the next two to three years. The company leverages AI and big data to identify users based on unique vocal traits, and is now claiming to have made a research breakthrough that will enable a more widespread deployment […]
The University of Memphis Research Foundation (UMRF) has announced they have licensed their patented multi-factor authentication (MFA) system to i2Chain, a Silicon Valley cybersecurity startup. While most MFA methods require the user to provide at least two differing elements to verify their identity — often a combination of a PIN, password, smart card, or biometrics […]
The Israeli startup Viisights has received $10 million in a round of Series-A funding led by Canada’s Awz Ventures. Viisights is a behavioral recognition specialist and the developer of the Viisights Wise solution, which uses AI to analyze video surveillance footage in real time. Unlike traditional object recognition platforms that can only identify discreet objects, […]
The biometrics industry spans across a wide range of technologies and sectors, and this week’s roundup of FindBiometrics’ top news stories runs the gamut. First up is news about an extra-early round of funding for India-based digital identity startup Syntizen Technologies. The company didn’t disclose how much money it brought in through the funding round, […]
The digital identity startup Syntizen Technologies has completed a successful Pre-Series A funding round, receiving an undisclosed amount of money from Mastercard and ACPL, a biometric solutions provider. Syntizen is based in Hyderabad, India, and plans to use the funds to improve its products and fuel its domestic and global expansion. “Mastercard’s investment is […]
A new Y Combinator startup called Traces AI is working on a surveillance alternative to facial recognition. The computer vision solution tracks people moving through crowds based on a number of other visual factors. “It’s a combination of different parameters,” explained Traces AI Co-Founder Veronika Yurchuk. “We can use your hair style, whether you have […]
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