Computer vision developer AnyVision, whose recognition software is being used by businesses ranging from banks to sports stadiums, has secured a $74m Series A funding round.
New investment came from Microsoft’s venture fund M12, DFJ Growth and OG Technology Partners, while the company has already revealed backing for the round from LightSpeed Venture Partners, Robert Bosch, Qualcomm Ventures and Eldridge Industries.
The company is developing technology for security and surveillance, mobile authentication, access control, and real-world analytics, specialising in face, body, and object-recognition software.
Anyvision says its technology does not collect or share user data, nor does it capture images – instead rendering the data captured in the form of mathematical vectors which act as unbreakable cryptography and prevent identity hacking.
DFJ Growth partner Sam Fort said, “Our mission at DFJ Growth is to back disruptive innovators addressing large, emerging market opportunities.
“We believe AnyVision has clearly separated itself as a leader in the high-growth market for computer vision, supported by glowing customers reviews praising how AnyVision’s products are improving safety and customer experience.”
Copyright © 2019 RegTech Analyst
Copyright © 2018 RegTech Analyst
