Singaporean Facial Recognition Company XRVision Gets Funding to Enter New Markets | Digireview

A Singapore-based facial recognition and video analytics startup, XRVision, has secured additional investment from Luxembourg’s Boundary Holding, with the latter’s founder Rajat Khare also joining XRVision’s board of directors to drive its market expansion agenda.

Boundary Holding is a deep technology finance firm focused on fostering entrepreneurship and investment in early/seed-stage startups in IoT, algorithmic trading, artificial intelligence and big data analytics.

With an announcement, Boundary Holding will help XRVision expand its facial recognition and video analytics solutions into new markets.

“We appreciate the potential of XRVision’s AI-based technology in recognizing faces, extracting actionable data to maintain law and order, and its ability to expand into different industries to ensure safety,” said Khare.

XRVision uses its state-of-the-art computer vision and Internet of Things (IoT) solutions and human resource expertise to address some of the complex security challenges facing governments and businesses.

Boundary Holding is a regular investor of XRVision. In 2018, the company said it was pumping an unprecedented amount of money to enable the provider of facial recognition and video analytics solutions to expand its presence into new markets.

In March 2019, Boundary Holding also announced a new investment round as reported by The Singapore Tech.

Article Topics

biometrics | Hold Border | facial recognition | financing | investment | Singapore | video analysis | XRVision

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