Clearview ai 30m serieshill new6/22/2023 ![]() ![]() Sign up for a free trial to see Clearview AI's valuations in July 2021 and more. Clearview AI's latest post-money valuation is from July 2021. The company did not name the investors in the Series B, The New York Times reported. ‘Investors can see that it’s just part of doing business.”Ĭlearview added three C-level executives in May as it seeks to expand the customer base of its law enforcement facial recognition tool.ĪnyVision topped the series of recently-announced fund-raises by biometrics providers, picking up $235 million earlier this month. Customers Total Raised 38.63M Investors Count 3 Deal Terms 1 Funding, Valuation & Revenue 5 Fundings Clearview AI's latest funding round was a Series B - II for 30M on July 21, 2021. Clearview AI, the startup behind a controversial facial recognition platform used by law enforcement and others, has raised 30 million at a 130 million valuation. “People forget about that once the company is a lot larger,” he says. Ton-That also told the Times that his company has had good news on the legal front, apparently referring to the rejection of a motion that it be blocked from operating in Illinois pending the outcome of one of the cases, and noted that companies like Airbnb, Uber and PayPal have had legal entanglements. Clearview AI’s unbiased facial recognition platform is protecting our families and making our communities more secure. The Times also points out that the company is facing a joint investigation in Britain and Australia and multiple class-action lawsuits, and was declared illegal in Canada earlier this year. These leads, when supported by other evidence, help law officials accurately and rapidly identify suspects, protect victims, and keep communities safe.The funding round included “institutional investors and private family offices,” Clearview CEO Hoan Ton-That told the Times, though they declined to be identified. Law enforcement agencies that use Clearview AI receive high-quality leads with fewer resources expended. Clearview AI, a facial recognition company that provides photo identification technology to law enforcement agencies, announced the successful close of a US30 million Series B funding round that now values the company at 130 million. ![]() Its platform of 3+ billion facial images, the largest known database of its kind, is sourced from public-only web sources, including news media, mugshot websites, public social media, and many other open sources. Prior investors include Peter Thiel and Naval Ravikant.Įarlier this year, Clearview was named to TIME’s inaugural list of The 100 Most Influential Companies.Ĭlearview AI: Clearview provides law enforcement agencies with investigative tools through the use of its revolutionary facial recognition search engine. Clearview AI has added 21.4 million to the 8. In December 2019, Clearview secured $7 million in Series A funding from investment trusts, funds and individual investors. The technology is used for after-the-crime investigations by law enforcement. “Law enforcement agencies continue to evolve and adopt new technology by necessity, and Clearview’s revolutionary image search and identification capabilities have proven to be a game-changer in bringing unidentified criminals to justice,” said Hoan Ton-That, Co-Founder and CEO of Clearview AI.Ĭlearview’s proprietary image-search technology enables law enforcement to accurately, reliably and lawfully identify criminal suspects, as well as the victims upon whom they prey, by matching within seconds a single, unidentified photograph with publicly available, open-sourced images from the Internet. On 26 November 2021, the Chair of the CNIL decided to give Clearview AI formal notice to cease the collection and use of data of persons on French territory in the absence of a legal basis to to facilitate the exercise of individuals rights and to comply with their requests for erasure. ![]() ![]() The investment, which includes funds from institutional investors and family offices, will fuel Clearview’s continued growth. NEW YORK-( BUSINESS WIRE)- Clearview AI, the leading facial recognition company that provides powerful and reliable photo identification technology to law enforcement agencies, announced the successful close of a $30 million Series B funding round that now values the company at $130 million. ![]()
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