FB pixel

Facebook in talks to buy Face.com

 

According to media reports, Facebook is now in negotiations to purchase Face.com.  Sources expect the social media giant to purchase the firm for approximately $100 million.

Face.com is a Tel Aviv-based technology company that has developed a platform for efficient and accurate facial recognition in photos uploaded via Web and mobile applications. Face.com apps and API services scan billions of photos monthly and tag faces in those photos, tying them directly to available social networking information.

Face.com has raised a total of $5.3 million in funding for their face recognition technology. A Series A round, totaling $1 million was raised in February 2009. In September 2010, the company announced that it had closed a Series B round of $4.3 million, led by previous investor Rhodium and Russia-based search engine Yandex.

Yandex along with Rhodium hold an 18.4 percent stake in the company. Sources report Yandex may want cash and stock in Facebook, which recently went public, as part of the deal.

Will Facebook obtain a strategic advantage by acquiring Face.com?

Article Topics

 |   | 

Latest Biometrics News

 

DPI critical to effective digital transformation in government

Robert Opp, chief digital officer of UNDP emphasizes the importance of viewing DPI as the digital equivalent of physical infrastructure,…

 

Age verification comes to social media as age of unregulated use nears an end

If trends continue, social media is set to follow in the path of cigarettes: an activity benefitting early from lax…

 

AI can save UK govt £40B annually, revolutionize public services: Blair Institute

AI will soon be used to pre-check applications for correct information, triage cases by calculating complexity and routing them appropriately,…

 

Papua New Guinea completes national data protection and governance policy

The Ministry of Information and Communications Technology has announced the completion of the national data protection and governance policy, marking…

 

Interpol issues call for biometrics firm to provide mobile data collection devices

Interpol has issued a tender for mobile ​​biometric collection (MBC) devices for collecting fingerprints and facial images. Specifically, the project…

 

ICE, CBP sued for details on migrant data sharing agreements

Digital rights advocacy group Access Now is suing the U.S. Customs and Border Protection (CBP) and Immigration and Customs Enforcement…

Comments

2 Replies to “Facebook in talks to buy Face.com”

  1. Isn’t access to our person already controlled through FAA certificates, administrative law, FBI background checks, and a national pilot registry. We are already branded cattle. This just makes that brand less painful.

  2. TLD, aka Predator, Kinect-like Open Source Tracking Algorithms The Microsoft Kinect peripheral for the Xbox 360 is more than just a fancy carema with a microphone attached—it’s a culmination of hardware and software that work together to drive tracking information out of the device and to connected devices. … Continue reading → TLD, aka Predator, Kinect-like Open Source Tracking Algorithms is a post from: SiliconANGLE We’re now available on the Kindle Read more on SiliconANGLE

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events