Boundary Holding invests in facial recognition startup XRVision
Facial recognition and video analytics firm XRVision has secured an undisclosed sum in funding from Boundary Holding, a Luxembourg-based early-stage technology fund. The Singapore-based startup will use the capital to expand into new markets.
XRVision was founded in 2015 by Guy Ron and Yaacov Apelbaum and has previously secured funding from NUS and TNF Ventures. The company reports clients in Singapore, Taiwan, Israel, the U.S., the UK, and Thailand.
“We value the potential of XRVision’s AI-based technology in recognizing faces, whilst extracting actionable data to maintain public order, and its ability to expand into various industries to assure safety,” said Boundary Holding’s founder Rajat Khare, who has joined the XRVision board as part of the deal.
According to the Boundary Holding website, the fund has a network of startup programs around the world and over US$200 million in committed capital across different organisations.