“The Deep Glint investment is valued at $5 million, and reflects a broader trend as the automotive sector increasingly embraces AI and biometric technologies. “ Hyundai Mobis has taken a big stake in China-based computer vision specialist Deep Glint, signalling the growing importance of AI and biometrics in the automotive sector. Deep Glint specializes in…
IDEX Biometrics has completed a $25 million USD private placement, the company has announced. The NOK 214 million deal entailed the sale of 53,437,500 shares to existing shareholders including Invesco, Woodford Investment Management, and members of the company’s management team and board of directors. In a statement announcing the private placement, IDEX asserted that it…
“In addition to other applications, Qualcomm’s new AI investment fund could help to shore up the company’s capabilities in biometric identification and authentication.” Qualcomm has announced a new $100 million investment fund. Aptly called the Qualcomm Ventures AI Fund, it’s kicking off with a series-A investment in AnyVision, an Israel-based computer vision specialist that previously…
“The management of Sodexo Ventures were evidently intrigued by AEYE-GO’s automated checkout kiosk technology, which is designed to use both facial and object recognition to identify individuals in a cafeteria and the items on their food trays.” AEYE-GO has become the latest China-based AI firm to receive venture capital funding, which has arrived from Sodexo…
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…
TwentyBN, an AI startup with offices in Berlin and Toronto, has announced that it just brought in $10 million through a funding round led by M12, Microsoft’s venture capital fund. As VentureBeat reports, the startup is focused on computer vision technology designed to interpret human actions. TwentyBN has been training its AI technology on a…
“We are extremely pleased with the financial commitment that our new investors and our existing debt holders have shown in support of the Company’s efforts through this financing and debt conversion. The proceeds from the Series C Financing will enable us to expand our sales and marketing efforts.” – Jim Miller, CEO, ImageWare ImageWare has…
