TrueFace - About the company
TrueFace is an acquired company based in Las Vegas (United States), founded in 2013 by Nezare Chafni and Shaun Moore. It operates as a Platform offering solutions for face recognition. TrueFace has raised $3.74M in funding from investors like Scout Ventures, 500 Global and GSV Labs. The company has 2234 active competitors, including 396 funded and 237 that have exited. Its top competitors include companies like Kairos, BitGo and Evrotrust.
Company Details
Platform offering solutions for face recognition. The platform leverages machine learning and AI to analyze camera data and convert it into information. Its solutions include APIs for face detection, face recognition, spoof detection, and more, which can be implemented on the existing systems. It also provides face biometrics solutions.
- Website
- www.trueface.ai/
- Email ID
- *****@trueface.ai
Key Metrics
Founded Year
2013
Location
Las Vegas, United States
Stage
Acquired
Total Funding
$3.74M in 5 rounds
Latest Funding Round
Investors
Ranked
146th among 2234 active competitors
Employee Count
7 as on Apr 30, 2026
Exit Details
Acquired by Pangiam (Jun 02, 2021)
TrueFace's acquisition details
TrueFace got acquired by Pangiam on Jun 02, 2021.
Click here to take a look at TrueFace's acquisition in detail
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TrueFace's funding and investors
TrueFace has raised a total funding of $3.74M over 5 rounds. Its latest funding round was a Series A round on Jul 31, 2019 for $*****. 3 investors participated in its latest round. TrueFace has 12 institutional investors.
Here is the list of recent funding rounds of TrueFace:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 31, 2019 | 8937198 | Series A | 6392512 | 6444302 | 5518720 | 8278282 |
Aug 08, 2017 | 4737428 | Seed | 4176241 | 8781702 | 3366318 | 2758657 |
Jun 2017 | 2540249 | Seed | 6356111 | 9661617 | 1491991 |
View details of TrueFace's funding rounds and investors
TrueFace's founders and board of directors
Founder? Claim ProfileThe founders of TrueFace are Nezare Chafni and Shaun Moore.
Here are the details of TrueFace's key team members:
- Nezare Chafni: Co-Founder & CTO of TrueFace.
- Shaun Moore: Co-Founder & CEO of TrueFace.
View details of TrueFace's Founder profiles and Board Members
TrueFace's employee count trend
TrueFace has 7 employees as of Apr 26. Here is TrueFace's employee count trend over the years:
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TrueFace's Competitors and alternates
Top competitors of TrueFace include Kairos, BitGo and Evrotrust. Here is the list of Top 10 competitors of TrueFace, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Kairos 2011, Miami (United States), Series A | Provider of AI-powered identity verification, document authentication, and biometric solutions | $19.6M | 74/100 | |
2nd | BitGo 2013, Palo Alto (United States), Public | Platform that offers crypto based financial services | $170M | 73/100 | |
3rd | AI based identity verification and e-Signing solution provider | $13.8M | 72/100 | ||
4th | Yoti 2014, London (United Kingdom), Series B | Provider of digital identity verification and automated age assurance technology | $210M | 71/100 | |
5th | Clear 2010, New York City (United States), Public | Provider of expedited identity verification services for airport security and more | $135M | 71/100 | |
6th | iProov 2011, London (United Kingdom), Series B | Platform offering digital identity verification services | $85.1M | 70/100 | |
7th | Mantra Softech 2006, Ahmedabad (India), Series A | Biometrics-based security and surveillance solutions | $14.2M | 70/100 | |
8th | HYPR 2014, New York City (United States), Series D | Provider of passwordless multi-factor authentication, identity verification, and risk management | $131M | 69/100 | |
9th | Microblink 2013, London (United Kingdom), Series A | Platform offering card scanning apps-based consumer payments | $60M | 69/100 | |
10th | 1Kosmos 2018, Edison (United States), Series B | Block-chain-based passwordless authentication for customers | $62M | 68/100 | |
146th | TrueFace 2013, Las Vegas (United States), Acquired | Platform offering solutions for face recognition | $3.74M | 47/100 |
Looking for more details on TrueFace's competitors? Click here to see the top ones
TrueFace's Investments and acquisitions
TrueFace has made no investments or acquisitions yet.
News related to TrueFace
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TendedBar Raises $5M in Series A FundingFinSMEs•Dec 23, 2021•TendedBar, Basecapitalltd, Platform Ventures, OfferZen and 3 others
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Trueface acquired by Pangiam as biometrics market consolidation acceleratesBiometricUpdate.com•Jun 02, 2021•TrueFace, Pangiam
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TrueFace Integrates Face and Thermal Screening Tech Into iryx CameraFindBiometrics•Jan 22, 2021•TrueFace, iryx
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Trueface partners with iryx for contactless biometrics with body temperature checksBiometricUpdate.com•Jan 21, 2021•TrueFace, iryx
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Trueface Provides Biometric Facial Recognition for GigNet’s Digital Community in MexicoFindBiometrics•Sep 08, 2020•GigNet, TrueFace
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New safe work temperature screening solutions launched by Trueface, ZKTeco, LLVision and eConnectBiometricUpdate.com•Jun 05, 2020•TrueFace, iryx
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Trueface evaluates bias factor in its biometric facial recognition modelBiometricUpdate.com•Apr 01, 2020•TrueFace
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Trueface to Help Air Force Deploy Computer Vision Tech for Base SecurityExecutiveBiz•Nov 13, 2019•TrueFace
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