Alcatraz AI
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 2.7m | 7.8m | 7.8m | 13.6m | 14.9m |
% growth | - | 187 % | - | 75 % | 10 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $1.8m | Convertible | |
$4.0m | Seed | ||
$6.0m | Early VC | ||
* | $8.0m | Early VC | |
$6.1m Valuation: $40.0m | Early VC | ||
$18.0m Valuation: $50.0m | Early VC | ||
* | $25.0m | Series A | |
Total Funding | CAD94.0m |
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Recent News about Alcatraz AI
EditAlcatraz AI specializes in biometric authentication solutions, utilizing advanced artificial intelligence to provide secure and frictionless access control. The company's core product, Alcatraz Rock, transforms facial recognition into a seamless credential for entry, enhancing security at the edge. Alcatraz AI serves a wide range of clients, including enterprise data centers, healthcare facilities, financial institutions, educational institutions, government buildings, stadiums, arenas, and telecommunications companies. Operating in the security and access control market, Alcatraz AI's business model revolves around selling and integrating its AI-powered biometric systems into existing security infrastructures. Revenue is generated through the sale of hardware, software licenses, and ongoing support and maintenance services. The company's solutions are designed to modernize and enhance existing access control systems, preventing security breaches and ensuring a high level of security with minimal friction for users.
Keywords: biometric authentication, AI-powered, access control, facial recognition, enterprise security, frictionless entry, multi-sensor technology, PoE connectivity, security breaches prevention, diverse industries.