Alcatraz AI, a Cupertino, CA-based leader in autonomous access control using industry-leading 3D facial authentication and AI to create safe spaces, raised $25 million in Series A funding.
The round was led by Almaz Capital and included EBRD (The European Bank for Reconstruction and Development), Endeavor Catalyst, Silverline Capital, and Golden Seeds, along with participation from existing investors JCI Ventures (the corporate venture arm of Johnson Controls), Ray Stata, and LDV Partners.
Alcatraz AI will focus on global expansion and product innovation to meet a variety of use cases as organizations continue to modernize their access control systems.
“At Alcatraz AI, we believe that safety and security is the first principle, and we are committed to leading a new era of frictionless access control by leveraging the unique power of the human face to make accessing spaces as secure, quick and easy as unlocking your phone,” “We are excited to enter the next phase of our company's growth by partnering with our investors with a strong track record scaling companies globally that deliver next generation technology.”-Tina D’Agostin, CEO of Alcatraz AI, said.
Since its founding in 2016, Alcatraz AI set out to transform the experience of entering spaces in the most secure manner, while enabling a completely passive and frictionless use case at doors for occupants and the security teams that manage them.
Company: Alcatraz AI, Inc.
Round: Series A
Funding Month: September 2022
Lead Investors: Almaz Capital
Additional Investors: EBRD, Endeavor Catalyst, Silverline Capital, Golden Seeds, JCI Ventures, Ray Stata, and LDV Partners
Company Website: https://www.alcatraz.ai/
Software Category: Facial Authentication Solution
About the Company: Founded in 2016, Alcatraz AI is an artificial intelligence company that employs facial authentication technology to create autonomous access control solutions for enterprises. Alcatraz AI transforms access control by leveraging artificial intelligence and analytics to make powerful decisions at the edge, where your face becomes your credential. Alcatraz’s facial authentication technology and intelligent tailgating detection enable enterprises to innovate and future-proof their security strategy. Alcatraz AI’s flagship product, the Rock, is designed to be easy to deploy on any access control system, providing an enterprise-grade security solution to protect businesses, people, and assets and deployed at some of the most successful enterprises in the world, including 25 of the Fortune 500. Since 2020, the company has seen massive growth in the US and globally, with over ten countries deploying Alcatraz solutions, securing over 1 million employees.