Clearview AI, a NYC-based facial recognition company that provides photo identification technology to law enforcement agencies, closed a $30m Series B funding round that now values the company at $130m.
The investment includes funds from institutional investors and family offices.
The company intends to use the funds to acceelrate continued growth.
Led by Hoan Ton-That, Co-Founder and CEO, Clearview AI leverages proprietary image-search technology that enables law enforcement to 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. The technology is used for after-the-crime investigations by law enforcement.
In December 2019, Clearview secured $7 million in Series A funding from investment trusts, funds and individual investors. Prior investors include Peter Thiel and Naval Ravikant.