The Partnership Fund for New York City is the investment arm of the Partnership for New York City. It invests in NYC based ventures, both for-profit and non-profit, with an overall job creation priority.

Partnership Fund for New York City

32 Equity is a strategic investment firm that focuses on companies that can help to grow the game of football and creates content.

32 Equity

Enlightened Hospitality Investments (EHI) is the strategic investment platform within Danny Meyer’s Union Square Hospitality Group (USHG), dedicated to driving growth for values-aligned companies in the hospitality and technology sectors. EHI leverages the businesses and professionals of USHG to identify growth potential and investment opportunities in both internal and outside ventures.

Enlightened Hospitality Investments

Liberty Media Corporation operates in the video and online commerce, media, communications, and entertainment businesses. Liberty Media is a holding company with various subsidiaries and interests in the media and entertainment industry, including ownership stakes in Formula 1, SiriusXM, Live Nation Entertainment, and the Atlanta Braves Major League Baseball team.

Liberty Media

General Atlantic is a private equity firm that provides capital and strategic support for growth companies. General Atlantic combines a collaborative approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build market businesses.

General Atlantic

Founded in 2012, LionTree is an independent investment and merchant bank with deep roots in the media, technology, communications, consumer, and creative industries. LionTree's thematic focus and expertise provide a differentiated perspective to help their relationships unlock growth and transformation across key areas of the global digital economy.

LionTree

Bond is a venture capital firm that supports visionary founders of high-growth Internet companies throughout their life cycle of innovation and growth. The firm, a spinout of the Kleiner Perkins Digital Growth Fund, was launched in January 2019 and founded by Mary Meeker with Mood Rowghani, Noah Knauf.

Bond

Durable Capital Partners invests in small and mid-cap companies in both public and private markets. Their investment philosophy is grounded in sourcing small-cap and mid-cap compounders in both the private and public markets.

Durable Capital Partners

Revolution Growth, part of the DC-based venture capital firm Revolution, invests in growth-stage companies around the country.

Revolution Growth

CLEAR

CLEAR, the secure identity company, uses biometrics to build a connected world that’s smarter and more secure. It links identity with different information sets, including credit cards, tickets to the game, reservations, frequent flyer numbers, flight manifests, health care identification, driver's licenses, and passports. CLEAR's data security framework meets the highest standards for performance and for protecting sensitive information — FISMA High- and SAFETY Act-certified by the Department of Homeland Security. CLEAR's users are always in control of their data and do not sell user information.  CLEAR was founded by Caryn Seidman-Becker and Ken Cornick in November 2010 and is based in New York, United States.

<div><p>Clear (NYSE: YOU) offers a range of verification services using biometrics like the face, iris, and fingerprint. Its services include biometric-based identity verification solutions for account creation and management, check-ins (for hotels, car rentals, offices, and events), credentialing, know your customer (KYC), virtual queuing, health passes, and age verification.&nbsp;</p></div>

Facial recognition delivers incredible convenience to consumers, as well as serious risks.

Facial Recognition

Clear

Uber and CLEAR Partner to Enhance Rider Verification Program Nationwide

American Express

CLEAR extends its partnership with American Express, offering eligible Card Members up to USD 189 in annual statement credits for CLEAR membership purchases. Members can verify their identity with their eyes, fingerprints, or face, allowing them to proceed directly to physical security.

Oracle

To helps organizations drive GST compliance while also creating secure and compliant e-invoices and electronic bills for various industries at scale.

Azure

To create Microsoft's Azure Active Directory (AD) verifiable credentials - a digital identity solution that enables users to confirm information about themselves with organizations while limiting what is shared.

<div>
  <p>
    Clear (NYSE: YOU) offers a range of verification services using biometrics like the face, iris, and fingerprint. Its services include biometric-based identity verification solutions for account creation and management, check-ins (for hotels, car rentals, offices, and events), credentialing, know your customer (KYC), virtual queuing, health passes, and age verification.&nbsp;
  </p>
  <p>
    In January 2022, Clear acquired virtual queuing and appointment technology company Whyline to expand and diversify Clear products to new industries and countries.
  </p>
  <p>
    <b>Key customers and partnerships</b>
  </p>
  <p>
    As of April 2023, the company had more than 15 million members and 100+ partners globally. Some of its notable customers include LinkedIn, Health Gorilla, and Aerostar Airport Holdings.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    In February 2021, Clear raised USD 100 million to grow the customer base, hire new employees, and develop technology further.
  </p>
  <p>
    In 2022, Clear achieved revenue of USD 437.4 million, recording growth of 72.2% YoY. However, it reported an operating loss of USD 129.1 million in 2022 compared to a loss of USD 114.9 million in 2021.&nbsp;
  </p>
  <p>
  </p>
</div>


<div>
  <p>
    Founded in Spain, FacePhi offers a wide range of facial recognition identity authentication solutions for transaction approval and digital onboarding. FacePhi&rsquo;s Selphi software allows the user to conduct ID authentication by using a selfie. The selfie is encrypted and sent to the bank&rsquo;s database to be used in payee authentication. The encryptions ensure the user's privacy as the full image is not sent to the bank. The company&rsquo;s revenue increased by around 143% during the first half of 2020 (compared to the same period in 2019) on account of agreements with 10 new clients, compared to 13 new customers during 2019 (full year), indicating the growth potential of the company.
  </p>
  <p>
    In May 2021, FacePhi partnered with Revelock, a Spanish fraud detection company, to provide comprehensive identity verification and fraud prevention solutions for financial institutions. In February 2022, the company partnered with software company Oracle Cloud Marketplace, for the latter to work as a distributor for FacePhi's digital onboarding and facial recognition solutions. In November 2021, the company also partnered with airport operator Aena to offer identity verification for passengers and employees at a price of USD 1.7 million for four years. With the aim of expanding presence in the LATAM region, FacePhi established a regional office in Uruguay in March 2022, followed by an agreement with 
    <a href="https://sp-edge.com/updates?industryIds=16">
      Hites,
    </a>
     a Chilean department store, to use remote selfie onboarding technology to let Hites&rsquo; customers apply for credit cards online. In May 2022, FacePhi opened another
    <a href="https://sp-edge.com/updates/10796?industryIds=16">
       office in the UK
    </a>
     to serve Europe, the Middle East, and Africa (EMEA) regions.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    During the fiscal year 2022, FacePhi recorded net revenues of EUR 2.2 million ( ~USD 2.3 million), growing 69% YoY, and an adjusted EBITDA of EUR 4.3 million ( ~USD 4.6 million), unchanged from the previous year.
  </p>
  <p>
  </p>
</div>


FacePhi

<p><span>Headquartered in the Netherlands, Sightcorp is an AI spin-off from the University of Amsterdam that develops patented proprietary AI Software solutions for mobile apps, including face detection (detect multiple faces in an image), emotion analysis, crowd demographics, and attention analytics. The main target markets of the company include retail, advertising, hospitality, and digital signage.</span></p><p><span>In January 2022, Sightcorp was </span><a href="https://sp-edge.com/updates/7828?industryIds=16"><span>acquired by Raydiant </span></a><span>, a provider of an in-location experience management platform, to jointly develop solutions for personalized on-screen, in-location experiences targeting retailers, restaurants, etc. Sightcorp expects to open offices in Lithuania and London in 2022 and to grow its European team from 20 to 100. Raydiant is also hiring across the US and internationally to accompany Sightcorp’s new offices.</span></p>

Sightcorp

<div>
  <p>
    Okaya offers a mobile app that aims to understand users&rsquo; wellbeing by using a combination of facial recognition technology, biometrics analysis (such as heart rate, weight, etc.), and machine learning. Okaya&rsquo;s facial recognition algorithm, developed in-house, analyses facial features obtained from a 15-second video recording where up to 30 frames are captured in a second. This data is evaluated along with other biometrics to determine a person&rsquo;s level of fatigue. The product claims to help create strong work teams and a robust work environment allowing the identification of areas where improvement is required.
  </p>
</div>


Okaya

<div>
  <p>
    Facetec offers a 3D face authentication software called ZoOm capable of high-performance liveness detection (verification of whether facial features captured are from a living subject). The software can work on smart mobile devices and webcams. The company also has patented technology to generate a 3D face map using a video selfie recorded even with a 2D camera. In September 2019, Facetec improved its product by embedding an age-estimation tool. Even though selfie-based authentication has become commonplace, many of them uses 2D facial mapping which makes it are vulnerable to spoofing attacks (trying to obtain access illegitimately by reproducing a person's face using images, masks, mannequins etc.) due to use of 2D mapping of facial features. FaceTec's technology is superior to others as it allows to create a 3D map of the face even with a normal 2D camera. While most other 3D face mapping requires designated hardware components, FaceTec's technology eliminates this requirement. Hence, it does not require app developers to rely on device manufacturers to incorporate additional hardware to use ZoOm. The company claims its product is one of the few companies to be certified in level 1 and 2 in iBeta Presentation Attack Detection (PAD) testing directed by an ISO standard. The software can detect digital and physical 'spoof artifacts' such as high-resolution photos and videos, masks and mannequins. FaceTec has over 100 customers across various verticals with an installed base of over 10 billion smart devices. ZoOm targets a wide range of markets ranging from banking, e-commerce, healthcare, insurance, e-voting, attendance, and government. Majority of FaceTec's customers are currently government and financial institutions.
  </p>
</div>


FaceTec, Inc.

<div>
  <p>
    FaceFirst offers facial recognition solutions mainly for access control as well as for identity authentication and real-time security. It focuses on retailers, airports, casinos, banks, as well as music and gaming events. The company also offers a mobile app (for iOS and Android) for facial recognition on the go. FaceFirst&rsquo;s facial recognition tool is mainly aimed at the retail segment, which accounts for around 50% of its business. FaceFirst&rsquo;s patented retail security platform can identify any known shoplifters or forbidden employees attempting to enter the store. Its products can be integrated with existing retail systems. 
  </p>
  <p>
    The company also introduced Mask-ID in November 2018, which instantly blurs identified faces without compromising accuracy. Additionally, the retail security platform allows its users to access the company&rsquo;s database of retail criminals, enabling them to include any individuals banned by the company itself. FaceFirst is one of the companies to work with lawmakers to help regulate the industry.
  </p>
</div>


FaceFirst

Companies that are developing facial recognition technology to suggest tags for photos uploaded on the platform, typically social media.

Companies that provide facial recognition technology for contactless and fast-payment gateways.

Companies providing tools to identify VIP customers and repeat customers by using facial recognition.

Companies that provide technology to monitor physical access to offices, retail stores, and residences as well as access to electronic devices, such as mobile phones and laptops, using facial recognition.

Companies providing facial recognition technology to identify people from live and recorded videos.

Companies that provide facial recognition technology to police and government agencies to identify criminals, protestors, unauthorized overstayers in the country, and departing passengers.

Facial recognition is a type of biometrics used to verify individuals

Used in smart city applications for access control

Facial recognition technology is built on ML models for training data

Clear

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