FB pixel

FST21 raises $5M to increase US distribution


FST21 America has raised $5 million for its facial and voice recognition surveillance system.

Reported in the Washington Post, the company was founded by the former head of the Israeli Military Intelligence Directorate, and the $5 million fund was led by L.V. Holdings, an early stage seed fund based in Israel.

Also, according to a report in Pando Daily, the company plans to use the new capital to increase its U.S. distribution.

The company’s surveillance system — called SafeRise — detects people in motion, and uses a combination of behavioral biometrics, as well as voice and facial recognition to facilitate access control for commercial or residential deployments.

Earlier this year, the company announced a partnership with SAFE for a car security system, called SAFE Car, which leverages the company’s facial and voice recognition technology.

Based on a recently-published research report, the global facial recognition market is estimated to grow from $1.92 billion in 2013 to $6.5 billion in 2018, at an impressive CAGR of 27.7%.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News


U.S. academic institutions get biometric upgrades with new partnerships

A press release says ROC (formerly Rank One Computing), which provides U.S.-made biometrics and computer vision for military, law enforcement…


Smart Bangladesh 2041: Balancing ambition with reality

Bangladesh aims to be a “Smart” nation by 2041 as the country goes through a drastic transformation founded on digital identity…


Nigeria’s NIMC introducing one multi-purpose digital ID card, not three

The National Identity Management Commission of Nigeria (NIMC) has clarified that only one new digital ID card with multiple functions…


Age assurance tech is ready now, and international standards are on their way

The Global Age Assurance Standards Summit has wrapped up, culminating in a set of assertions, a seven-point call-to-action and four…


NIST finds biometric age estimation effective in first benchmark, coming soon

The U.S. National Institute of Standards and Technology presented a preview of its assessment of facial age estimation with selfie…


Maryland bill on police use of facial recognition is ‘strongest law in the nation’

Maryland has passed one of the more stringent laws governing the use of facial recognition technology by law enforcement in…


One Reply to “FST21 raises $5M to increase US distribution”

Leave a Reply

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

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events