startups

Traces AI Introduces an Alternative to Face-Based Surveillance

Traces AI Introduces an Alternative to Face-Based Surveillance

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…

Yoti Eyes Global Expansion with £8 Million in Equity Funding

Yoti Eyes Global Expansion with £8 Million in Equity Funding

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…

Alcatraz AI Rakes-in $6 Million in Funding Round

Alcatraz AI Rakes-in $6 Million in Funding Round

“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…

Hyundai Mobis Takes $5M Stake in AI Specialist

Hyundai Mobis Takes $5M Stake in AI Specialist

“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…

Computer Vision Startup Takes $4M in Series-A Funding Round

Computer Vision Startup Takes $4M in Series-A Funding Round

“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…

Chinese AI Startups Overtake US Firms in VC Backing: Report

Chinese AI Startups Overtake US Firms in VC Backing: Report

Chinese AI startups have now overtaken their American counterparts in attracting investment, according to a new report from ABI Research. The report asserts that China-based AI firms raised $5 billion in venture capital in 2017, compared to $4.4 billion raised by firms in the US. Notably, the Chinese firms raised $4.9 billion from 19 investments,…