USA – Alcatraz AI, a Cupertino, CA-based leader in autonomous access control using 3D facial authentication and AI to create safe spaces, raised $25M 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.The company intends to use the funds to expand operations and its business reach. Led by Tina D’Agostin, CEO, Alcatraz AI leverages artificial intelligence and analytics to make decisions at the edge to protect businesses, people, and assets. Its 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 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. 13/09/2022
