The investment aligns with HID Global’s strategic direction to embed facial recognition into solutions for a seamless and highly secure user experience in a variety of identity verification and authentication applications. The investment is part of a $23 million funding round for Paravision. HID’s investment will accelerate the development of its biometric solutions that leverage facial recognition algorithms that have been proven through many successful deployments with high-profile customers, says HID CEO Doug Aley. ‘We look forward to working together in pursuit of new business, channel, sales and market opportunities’.
Source: https://www.helpnetsecurity.com/2021/05/13/hid-global-paravision/