FB pixel

AlgoFace wins $150K grant through state accelerator program

AlgoFace wins $150K grant through state accelerator program

Ethical face AI provider AlgoFace has announced it has won a $150,000 grant by the Arizona Commerce Authority as one of 10 awardees of the 2023 Arizona Innovation Challenge (AIC), one of the largest business plan competitions in the U.S.

AlgoFace is a U.S. based company led by a diverse team of engineers. It provides 2D and 3D facial analysis tools such as virtual try-on and hair color matching software.

Since its inception in 2011, the AIC has selected 140 awardees out of over 2,800 applicants. AIC’s startup portfolio has raised over $1.8 billion in funding and has seen 29 successful exits. It has a portfolio valuation of over $2.8 billion.

“We are honored and humbled to have been chosen as one of the 10 recipients of the AIC 2023 awards and to become an ACA portfolio company,” says AlgoFace CEO Andrew Bart. “As a member of the ACA’s illustrious group of startups, we look forward to accelerating our path of success.”

The grant funding will be made available by completing milestones in the Venture Ready Accelerator program, only available to AIC awardees. The 6 month long accelerator program is designed to ensure Arizona companies can access local resources, connecting small business owners with experienced CEOs to facilitate scaling.

AlgoFace was a cohort company in the Fuel AI/ML Accelerator program sponsored by Walton Family Foundation and was named as one of the 10 Startups to Watch 2024 by the Phoenix Business Journal.

Article Topics

 |   |   |   |   | 

Latest Biometrics News


Mitek: quarterlies, annuals, SEC actions

April 4, 2024 – Mitek is getting back on track with its financial reporting, which may be more reflective of the…


Jamaica parliament soon to receive draft digital ID regulation for scrutiny

Plans are being finalized to send the draft regulation on Jamaica’s digital ID program to the country’s parliament for examination…


US launches PKI system to make mobile driver’s licenses interoperable, easy to use

The Digital Trust Service being set up by the American Association of Motor Vehicle Administrators (AAMVA) to ease the use…


Worldcoin reaches 10 million users, could face $1m fine in Argentina

It is the best of times and the worst of times for Worldcoin. The iris biometrics, digital ID and cryptocurrency…


Concerns over national ID card requirements for upcoming polls in Malawi, South Sudan

Malawi and South Sudan are set to hold general elections soon and national ID cards could prove to be a…


Under-display facial recognition possible with quantum-inspired computational chemistry

Under-display cameras and facial recognition are in high demand as consumers yearn for smartphones with a bezel-free display. Through quantum-inspired…


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