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mxface - About the company

mxface is an unfunded company based in Ahmedabad (India), founded in 2020 by Hiren Bhandari and Bhavyen Bhandari. It operates as a Provider of a cloud-based facial recognition API platform. mxface has not raised any funding yet. The company has 2196 active competitors, including 394 funded and 243 that have exited. Its top competitors include companies like BitGo, LifeLock and Yoti.

Company Details

Website
mxface.ai
Part Of
Registered Address
B-203, 2ND FLOOR, SHAPATH HEXA, NR. GUJARAT HIGH COURT, OPP. KARGIL PETROL PUMP, S.G. HIG, HWAY, SOLA, Ahmedabad, AHMEDABAD, Gujarat, India, 380060
Key Metrics
Founded Year
2020
Location
Ahmedabad, India
Stage
Unfunded
Ranked
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
2 as on Aug 31, 2026
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mxface's funding and investors

mxface has not raised any funding rounds yet.

mxface's founders and board of directors

Founder? Claim Profile
The founders of mxface are Hiren Bhandari and Bhavyen Bhandari. Hiren Bhandari is the CEO of mxface.
Here are the details of mxface's key team members:

mxface's employee count trend

mxface has 2 employees as of Aug 26. Here is mxface's employee count trend over the years:
Employee count trend for mxface
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mxface's Competitors and alternates

Top competitors of mxface include BitGo, LifeLock and Yoti. Here is the list of Top 10 competitors of mxface, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for BitGo
BitGo
2013, Palo Alto (United States), Public
Platform that offers crypto based financial services
$170M
81/100
2nd
Logo for LifeLock
LifeLock
2005, Tempe (United States), Acquired
Cyber identity theft protection and prevention platform
$192M
79/100
3rd
Logo for Yoti
Yoti
2014, London (United Kingdom), Series B
Provider of privacy-focused identity and age solutions
$210M
75/100
4th
Logo for Kairos
Kairos
2011, Miami (United States), Series A
Provider of AI-powered identity verification, document authentication, and biometric solutions
$19.6M
74/100
5th
Logo for Evrotrust
Evrotrust
2015, Sofia (Bulgaria), Series B
AI based identity verification and e-Signing solution provider
$13.8M
73/100
6th
Logo for Clear
Clear
2010, New York City (United States), Public
Provider of expedited identity verification services for airport security and more
$135M
72/100
7th
Logo for HyperVerge
HyperVerge
2014, Bengaluru (India), Seed
Provider of end-to-end KYC software and identity verification solutions
$1.55M
72/100
8th
Logo for iProov
iProov
2011, London (United Kingdom), Series B
Platform offering digital identity verification services
$85.1M
70/100
9th
Logo for Jumio
Jumio
2010, Sunnyvale (United States), Acquired
Provider of AI-powered identity verification solutions
$201M
70/100
10th
Logo for Mantra Softech
Mantra Softech
2006, Ahmedabad (India), Series A
Biometrics-based security and surveillance solutions
$14.2M
70/100
825th
Logo for mxface
mxface
2020, Ahmedabad (India), Unfunded
Provider of a cloud-based facial recognition API platform
-
-
29/100
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mxface's Latest cap tables and shareholding

Founders (largest shareholder) own 88.25%, Funds own 5.33%, Enterprises own 3.88% and Angels own 1.26%. The net worth of mxface's founders is INR 911Cr as of Jul 31, 2025. The cap table displayed below is for MANTRA SOFTECH (INDIA) PRIVATE LIMITED which is the legal entity associated with mxface.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
88.25%
911Cr
4729409
4742877
5830698
6227484
Fund
5.33%
55Cr
21405
96272
23304
46648
Enterprise
3.88%
40Cr
390
481
498
425
Angel
1.26%
13Cr
7
7
4
6
Other People
1.28%
13.2Cr
8
6
8
3
Total
100.00%
1,030Cr
6879802
5415460
4827008
4194695
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
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shareholding pattern of this entity
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What documents will you get?
  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

mxface's Investments and acquisitions

mxface has made no investments or acquisitions yet.

Reports related to mxface

Here is the latest report on mxface's sector:

FAQs about mxface

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