Dutch face tech startup raises investment
07 September 2018 15:43 GMT

Dutch software technology startup 20face has raised an investment from Value Creation Capital and Oost NL, saying it will use the funds to focus on expanding its facial recognition technology and software.

20face is an innovative spin-off of the University of Twente. It created its own platform and software for glimpse facial identification. 20face intends to develop the first worldwide glimpse facial identification platform, which is user-driven, privacy proof and ultimately secure. 

In a statement, the firm said the R&D team at 20face has a decade-long scientific background in biometrics and machine learning and strong entrepreneurial experience. With the strong R&D team, the company will deliver the best-in-class biometric recognition and continuously improve the technology, enable privacy features and delivery secured user-centric features.

20face’s focus is similar to that of Security of Things fund as the technology solves the issues in the digital-driven economy and the increasing necessity for privacy and security.

“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” said Hans d’Hollosy, Chief Operating Officer at 20face.

“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,” said Jos Bourgonje, Managing Partner at Value Creation Capital.