Tech Company Financing Transactions
Alcatraz AI Funding Round
Alcatraz AI, operating out of Palo Alto, secured $6.1 million from private investors, Hardware Club and Johnson Controls.
Transaction Overview
Company Name
Announced On
4/29/2021
Transaction Type
Venture Equity
Amount
$6,100,000
Round
Undisclosed
Investors
private investors (Lead Investor) (Ray Stata)
Proceeds Purpose
The company intends to use the funds for product development and expansion of foothold in the market with facial authentication solution.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
490 California Ave. 400
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Website
Email Address
Overview
Alcatraz' mission is to make authentication secure and frictionless. The platform is scalable, fast, easy to integrate and works with existing access control systems. We use computer vision and artificial intelligence for real-time decision making on the edge. Over time, we will be adding more applications in a wide range of verticals.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Vince Gaydarzhiev
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