Truepic, a San Diego, California-based digital image verification software provider, raised $26 million in a Series B funding round led by M12, Microsoft’s venture fund.
Adobe, Sony Innovation Fund by IGV, Hearst Ventures, and individuals from Stone Point Capital also participated in the financing, which brings San Diego-based Truepic’s total raised since its 2015 inception to $36 million. The investment will help expedite the scale of Truepic's patented camera technology across applications and smartphones globally.
The company plans to use its new capital in part toward speeding up the release of a new product, Truepic Lens, that will power trusted image capture in third-party applications, it also plans to use the new capital to increase distribution for its current flagship product, Truepic Vision, a turnkey platform for requesting an instant reviewing of trusted photos and videos from anywhere in the world.
Company: Truepic, Inc
Raised: $26.0M
Round: Series B
Funding Month: September 2021
Leading Investors: M12 – Microsoft's Venture Fund
Additional Investors: Adobe, Sony Innovation Fund by IGV1, Hearst Ventures, and Stone Point Capital
Company Website: http://truepic.com/
Software Category: Digital image verification software
About the Company: Founded in 2015, Truepic develops the world's most secure camera technology for mobile devices. Truepic’s camera technology is software-based and runs on mobile devices. Photos and videos captured through its camera are cryptographically assured to be unedited, original images with “trusted” metadata such as time, date, and location. Its technology is used by over 100 enterprises, such as Equifax, EXL Service Inc, Ford Motor Company, Accion Opportunity Fund, and Palomar.
Source: https://techcrunch.com/2021/09/14/microsofts-m12-leads-26m-investment-into-truepic/