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Paravision, a U.S.-based leader in mission-critical face recognition and computer vision, today announced that it has raised $23 million in its latest funding round led by J2 Ventures, with participation from HID Global, Marlinspike Capital, Atomic, Icon Ventures, Perot Jain, Red Cell Partners, and other investors.
This round of investment reflects Paravision’s emergence as the technology partner of choice in a rapidly expanding space. Driven by the need for fast, accurate, touchless, and frictionless identity, the global market for face recognition is accelerating across a wide range of applications including enterprise security, consumer identity verification, government services, travel, and payments.
DHS Works to Improve Biometric Scanning of Masked Faces TZIDO SUN/Shutterstock.com
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Perhaps the most-worn accessories of 2020, face masks mark an unexpected new constant in people’s lives providing necessary protection against COVID-19 but they’re also known to pose some trouble for contemporary facial recognition systems.
The Homeland Security Department, one of the government’s biggest biometrics systems users, is now steering research to confront the complexities limiting existing technology and help push forward tools to safely verify people’s identities at security checkpoints in a pandemic.
Initial results from one recent effort “are actually quite promising,” according to Arun Vemury, director of DHS’ Biometric and Identity Technology Center.