iProov snaps $ 70 million for its facial verification technology, already used by …

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Biometrics and facial recognition in particular have seen an increase in use in recent years, initially as a tool to support companies in digitally verifying identities against rising waves of fraud and cybercrime. and second, to enable this process even further in our socially distant, pandemic times. Today, a startup called iProov, which is providing facial authentication and verification technology to a number of governments and other large organizations – which has caused some controversy – announced $ 70 million in funding to keep its growth momentum going.

Funding comes from a single investor, Bay Area Sumeru Equity Partners, which was originally formed as part of Silver Lake before being spun off as an independent operation in 2014 and continues to this day.

London-based iProov has seen a lot of business initiation in its UK home market, and now …

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