Israel's Corsight Bags $5 Million in Funding for Facial Biometric Tech Development

The recently-established company says its technology requires less than 50 percent of the face to be visible for accurate recognition, so it can even identify people wearing face masks  

Israel's Corsight Bags $5 Million in Funding for Facial Biometric Tech Development

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Israel's Corsight AI, a developer of advanced facial biometric technology, announced on April 26 that it raised $5 million in funding from Canadian venture fund Awz Ventures. The company said the funds will be used for developing and marketing its platform. 
 
The company was founded in late 2019 as a subsidiary of the Cortica Group, which is said to have raised over $70 million for development of artificial intelligence technology.
 
Corsight's technology was first developed to assist Israel's intelligence and law enforcement agencies in the identification of terrorists and criminals. But applications have increased significantly with large numbers of people in various sectors now wearing face masks due to the coronavirus crisis. 
 
The technology is also seen as meeting demand for contactless solutions amid growing awareness that disease can be transferred by touching surfaces. 
 
One of Cortica's and Corsight's founders, Igal Raichelgauz, said "In these days of a global pandemic, the facial recognition world is especially fascinating and challenging, and Corsight AI is providing the ultimate response."
 
According to Corsight, its algorithm can identify people from an elevation of up to 60 degrees, even in low-level light, and requires less than 50 percent of the face to be visible for accurate recognition.
 
The company says the technology can be used, for example, to identify people from difficult angles, in poor lighting, at long distances, or in crowds, such as people in violation of quarantine. 

"When detecting a COVID-19 patient in a public area, the technology can also help to identify potential transmission by sifting through the people who had been near to the sick individual, by time period and distance," the company said in a statement.

Corsight's solutions have already been deployed at South American border crossings and police departments, African banks and mines, Asian cities, and European hospitals and airports, according to the firm.
 
Yaron Ashkenazi, managing partner and founder of Awz Ventures, said "Corsight AI’s unique solutions allow law enforcement agencies, government bodies, and civilian organizations to contend with safety and security threats, including those posed by the global COVID-19 pandemic."
 
 

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