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Top 6 Facial Recognition Startups in 2024

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Think Facial Recognition is boring and everything’s been done before?

Think again.

If you’re in the Facial Recognition industry or are interested in starting a company in this space, this article dives into 6 of the hottest fast-growing Facial Recognition startups.


6 Facial Recognition Startups

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1) SenseTime

SenseTime

SenseTime is an artificial intelligence firm that specializes in cutting-edge computer vision and deep learning techniques.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: Bing Xu, Li Xu, Xiaogang Wang
  • Number of employees: 501-1000
  • Funding: $2,640,000,000
  • Funding rounds: 9
  • Number of investors: 27 (Silver Lake, SoftBank Vision Fund, Alibaba Group, CICC, Temasek Holdings)

You can find their website here.

2) MEGVII

MEGVII

Megvii creates AI Engine, a basic technology that powers a variety of AI applications.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2011
  • Founders: Qi Yin, Wenbin Tang, Yang Mu
  • Number of employees: 1001-5000
  • Funding: $1,357,000,000
  • Funding rounds: 7
  • Number of investors: 17 (Alibaba Group, Macquarie Group, Qiming Venture Partners, Ant Group, Foxconn Technology Group)

You can find their website here.

3) CloudWalk Technology

CloudWalk Technology

CloudWalk Technology is an artificial intelligence platform that offers facial recognition services to the banking, security, and aviation industries.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2015
  • Founders: Zhou Xi
  • Number of employees: 1001-5000
  • Funding: CN¥5,560,000,000
  • Funding rounds: 6
  • Number of investors: 19 (Shunwei Capital, Oriza Holdings, Puhua Capital, ICBC International, Guangdong Technology Financial Group)

You can find their website here.

4) Intellifusion

Intellifusion

Intellifusion is working on a visual processor for applications such as public safety, supercomputing, and artificial intelligence.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2014
  • Founders: Ning Chen, Xiaoyu Wang
  • Number of employees: 501-1000
  • Funding: $173,494,166
  • Funding rounds: 5
  • Number of investors: 16 (ZhenFund, Green Pine Capital Partners, Walden International, Forebright Capital, CCB International)

You can find their website here.

5) CLEAR

CLEAR

CLEAR is an identification firm that leverages biometrics to create a smarter and more secure linked society.

Details of the startup:

  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2010
  • Founders: Caryn Seidman-Becker, Ken Cornick
  • Number of employees: 501-1000
  • Funding: $135,000,000
  • Funding rounds: 6
  • Number of investors: 17 (General Atlantic, T. Rowe Price, LionTree, Bond, Delta Air Lines)

You can find their website here.

6) Jumio

Jumio

Jumio is an artificial intelligence platform that allows users to verify their identity remotely in order to avoid fraud and other financial crimes.

Details of the startup:

  • Country: United States
  • State: California
  • City: Palo Alto
  • Started in: 2016
  • Founders: Daniel Mattes, Robert Prigge
  • Number of employees: 1001-5000
  • Funding: $205,413,881
  • Funding rounds: 8
  • Number of investors: 8 (Andreessen Horowitz, Citi Ventures, Great Hill Partners, Millennium Technology Value Partners, SharesPost Investment Management)

You can find their website here.

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