Paravision Raises $23m from HID + VCs

By Zach Segal, Published May 11, 2021, 09:15am EDT (Info+)

Paravision has raised $23m from access control from VCs and access giant HID.

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IPVM examines the funding and future of Paravision including responses from the company themselves.

$23 ******* ******, ** **** *** ****** *******

******************* **** ****** $********** ********* * ***** ** ******* ******* firms *** ****** ******* *********** **** HID ** **** ** ***** ****. Paravision **** **** **** **** ** employees *** ******** ** ***** *** financial ***********.

Revenue / ********* *** *********

** ****** ******** ******** **********'* ******* nor ********* ** ***** ** ** public *********** ****** ***** *** ******* (customers, ******** ****, ****** ****, ***.).

USA ***********

********** ******* ********** *** ** ******** as * *** ******** ** *** announcement:

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*** ********** ** ****** *********** ******** is ************ * *********** ***** ** tensions **** ***** *** ****** (**** to **** ****** *********** *********) ****. For *******,**********, * *******-******* *** ***** ****** company ********** **** **** *** *** a ***** ****** **** * ******* company.

********* ****** **** ******* **** **** Western ****** **** ***** * *** China/Russia ********.

Customers - ******* ** *********, ******** ********

********** ********* ***** **-**-******;

** **** ******** ** ***** ** OEM *** / ** **/*** ********. As *****, ** ***** * **** variety ** ********* *** ************ ******* a **** **** *********** / ******** vision *******, *** *** ******* ** be *** ********** **** ***** ****** the ****** ** ****** *****-***** ********* across ***** ********* *** ************.

**** ******** ** **** *** ** their *********:

** *** ******* ** ***** ******* companies ** *** ***** ** ************ noted, *** ** *** ********* ***** details ***** ***** ******** ** * public *****.

******** ** * ********** ******** *** Avigilon's ****** *********** ********, ******* **** ******* ** ******** ****** recognition.

HID ********** **** ********** ** *** **** ***********

*** ******* ************ **** *** ******** as **** ** ***** ******** ** embed **** *********** **** ***** ********* including ****** *******:

*** ****** ... ******** ** ********** based ** * ********* *********to ***** **** *********** **** ********* for a seamless and highly secure user experience in a variety of identity verification and authentication applications, including access control. [emphasis added]

**** ******* ***'* **** ******** ** an********** *********** ***** ** ********* ********.

*** ** ** ***** **** **** reasonably **** *********** ** ******* ******** access ******* *********. ******* *** ** particularly ******* ***** ****** *********** *** a *** ****** *********** *** ***** biometrics ** *******. *** *** *** respond ** *** ******* *** *******.

Paravision "**** *******" ***** ****** *******, **** ************* *******

********** ********** **** **** **** *** most ******* ** ***** ******** ****** control/verification *********:

...*** **** ******** ************ ********** ** developing *** ************-********. ********** ****** *******, consumer ******** **********, ****** *** ******, payments, *** ***** ************ *** ******* real ******** ** *********, ************ ******** experiences *** ****** ******** ***** *********** and ******* ******** ** **** ***********. In ***** ************, ** *********- *** legally-grounded ******** ******* **** ********* *** able ** ***-**, **** **** *** engaging **** * ******* **** ******** consent...

Larger ***** ** "****" **** ************ ** ************

****** *********** *** ************ *** ****** increasingly************* ** *** *.*., *.*., *** ******* ********* ***** privacy ** * ***** ******* *** besides **********, *********** ********* *** ********** have ******* ******* **** ************ ** these *******.

********** **** **** ***-** ******* *** other ******* **** ******* ****** *** access ******* *** ************ ***-*****:

** *** ****** ****** *********** ****** from ******** ** ****** *******, *** travel, ******** ************, *** ******** ***** are ***** ****** ** ***-**/*******-****** *** cases.

** ********, ********** *********** ********* *** VisionLabs **** **** *** **** ***** on ****** *******/************ *** ***** ********.********* ****** $*** ** *********** ***** **** ************ ******* ****** control.********** **** ******** **** **** ********* ****** ****** recognition ************ ** ***** ******* *** the *.*. *** ********* ****** *** verification *** ** ******* ******** *** coronavirus ******* ****** *** **** ****** and ************ ************.

Comments (1)

**** ******* ***** ***** **** **** a **** ***** ****** ***** ** *********** ********** ********* *********** **** ********** **** *********** **** Paravision, ***** ********* ****** ******* ****** ***** ***** *******.

********** **** ****** ****** ***** *** Ever ****, *** ********** **** *** models *** ******** *** ******* ** longer ** ***.

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