Dutch startup 20face secures funding to develop “glimpse” facial recognition platform
Dutch software company 20face, which provides “glimpse” facial recognition technology, has received investment funding from Value Creation Capital’s Security of Things Fund and Oost NL’s Innovatiefonds Twente to support its development of a secure, user-driven glimpse facial identification platform, according to an announcement.
20face was spun-off from the University of Twente in 2017, and applies machine learning and AI algorithms to providing face biometrics that work with various lighting conditions, user poses, low resolution images and partly occluded faces. The company says the technology is light-weight enough to be embedded in small devices and can be scaled to function with a large number of video streams.
“We have been scouted as one of the front runners in biometric recognition by several big multinationals and we now have the funding and network to build a core organization in development, support, sales and marketing, to serve global client needs and to keep investing in R&D to stay a frontrunner in our field” says Hans d’Hollosy, Chief Operating Officer at 20face.
The company says it intends to develop industry-leading core face recognition technology and privacy protections through a focus on research and development, as a digitally driven economy increases the need to identify and authenticate people for security or convenience reasons. 20face sees hospitality, ticketing, healthcare, security, surveillance and cybersecurity as potential markets for its technology.
“20face allows for sensitive, secure, quick and efficient facial recognition based on extensive research and AI algorithms for very scalable applications. We see 20face as an innovative and unique company that can offer a significant contribution to leverage these opportunities,” says Jos Bourgonje, Managing Partner at Value Creation Capital.
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