At Eniac Ventures we lead seed rounds in bold founders who use code to create transformational companies. Armed with over 80 years of combined experience building our own companies, we are your active partners and consider ourselves a member of your founding team. Providing capital is just the first step, when we lead your seed round we provide the industry’s most comprehensive support through our Eniac Platform and hands on approach. From the beginning one of the keys to Eniac’s success has been taking a holistic approach to supporting our portfolio. With Eniac you get four partners for the price of one, and each partner uses their unique experience to open doors and advise our investments. The result has led to companies that consistently bring quality product to market, find follow on investment and have a measurable impact across industries. With each fund our approach has evolved and expanded to address the growing needs of our portfolio companies. We want our founders to focus on their product so we created the Eniac Platform. Term sheets are just the first step, working with Eniac companies enjoy the following free support: - Talent recruiter to find the best employees, especially in engineering   - Public relations and marketing specialist on staff to help your product reach the audiences that matter from launch through growth - Operations resources to organize your staff and install best practices - Business development and networking opportunities with thousands of the top companies, investors, and brands - Connections to other founders in Eniac’s portfolio to explore synergies and opportunities Fundraising support including pitch deck guidance, follow on investor strategy, and syndicate building

Eniac Ventures

NewME’s mission is to accelerate, educate, and empower underrepresented tech entrepreneurs around the world.  One of their most sought after initiatives, NewME Accelerator, is an intimate and intensive 12 week residential program that launches minority and women-led startups.  NewME’s vision is to make the technology industry and its wealth creating opportunities accessible to everyone.   As a values based, impact driven, and growth oriented social enterprise they’ve built significant momentum among top investors, prominent media (CNN, WSJ, et al.) and reputable partners. They're always looking for individuals who share their commitment to their mission and values.

NewMe Accelerator

New World Angels (NWA) is a group of private investors dedicated to providing equity capital to  early-stage entrepreneurial companies in the state of Florida. NWA has chapters in South Florida and the Tampa Bay area and is typically a lead or co-investor in transactions totaling between $0.5 million and $2.5 million.  Members of NWA have extensive experience in founding, building, and managing companies     in a wide variety of industries. In addition to providing funding, NWA members  make their expertise and resource networks available to portfolio companies.  NWA works closely with other regional and national venture firms. In addition, it is supported by such leading institutions as The Research Park at Florida Atlantic University, Enterprise Development Corporation, Florida Atlantic University, and Florida International University.

New World Angels

venVelo directs the successful entrepreneur through a detailed program with a strict set of guidelines necessary to create effective business operations that lead to successful go-to-market strategies. venVelo is also amassing a mentor network of the best and brightest: successful, proven entrepreneurs who have demonstrated – often many times – they know how to help our portfolio companies do what they need to do to grow. This network of industry experts provides real-world experience. The mentors are hand-picked and matched to the specific needs of our portfolio companies.

venVelo

The Florida Angel Nexus (“FAN”) is a state-wide network of investors and investment groups. FAN’s mission is to connect qualified companies with aggressive growth plans to investors from the Florida community. They focus on Florida based businesses that already have some proof of concept and revenues, but they will do their best to refer all applicants to resources to assist in eliminating their roadblocks.

Florida Angel Nexus

Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today's growing markets.  With more than 40 team members including special advisors, operations professionals, and founders-turned-investors, True represents one of the largest and most experienced teams dedicated to the ecosystem.  The True team believes creativity flourishes when founders are supported fully and empowered to pursue brave ideas. To that end, the True Platform offers programs that inspire professional and personal growth. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide.  True was awarded Venture Firm of the Year by the National Venture Capital Association in 2018. To learn more, visit www.trueventures.com.

True Ventures

Formed by the Florida Legislature, the Florida Institute for the Commercialization of Florida Technology is a non-profit organization that works collaboratively with the technology licensing and commercialization offices of Florida's state universities and private research institutions to leverage a $2.5B+ research base and form investable companies that create clean jobs in new industries that are driving the global economy. With funding from the State of Florida through the Department of Economic Opportunity, and through the generosity of mentors, advisors and donors, the Florida Institute provides company building services, and seed funding through the Florida Technology Seed Capital Fund, to promising Florida startups.

Florida Institute for the Commercialization of Florida Technology

Kairos AR

Kairos is an artificial intelligence company specializing in face recognition. Through computer vision and machine learning, Kairos can recognize faces in videos, photos, and the real-world - making it easier than ever to transform the way your business interacts with people. Kairos navigates the complexities of face analysis technology, so you don’t have to. We offer APIs and SDKs any developer can integrate with ease. Founded in 2012 and based in Miami, Kairos is a venture-backed organization servicing a diverse global customer base.

Kairos offers facial recognition solutions for access control and live customer analytics. The product is offered through an API and can be used via the cloud as well as on-premises, integrating into applications for facial recognition and also to identify sex, age, emotions, etc. In September 2019, Kairos introduced a camera (hardware plus software) and a dashboard for customer analytics making it one of the few companies to offer hardware along with software. It tracks foot traffic in real-time and is designed to suit the needs of restaurants, hotels, retail merchants and casinos. The camera can also be integrated with existing inventory management systems and surveillance systems.&nbsp;

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

Facial Recognition

Kairos offers facial recognition solutions for access control and live customer analytics. The product is offered through an API and can be used via the cloud as well as on-premises, integrating into applications for facial recognition and also to identify sex, age, emotions, etc. In September 2019, Kairos introduced a camera (hardware plus software) and a dashboard for customer analytics making it one of the few companies to offer hardware along with software. It tracks foot traffic in real-time and is designed to suit the needs of restaurants, hotels, retail merchants and casinos. The camera can also be integrated with existing inventory management systems and surveillance systems.&nbsp;Key customers and partnershipsIn June 2019, Nuvola (provider of a guest engagement software) partnered with Kairos to include facial recognition in their software for Nuvola’s customers to be able to improve the overall guest experience. As the company claims this partnership makes Nuvola the first hospitality software provider to introduce facial recognition technology.&nbsp;As of November 2024, the solution was used by over 1,000 companies, including ubanx, IPG, Veritone, Legendary, vidigami, and SONAR.

FacePhi offers a range of facial recognition identity authentication solutions for transaction approval and digital onboarding. FacePhi’s Selphi software allows the user to perform ID authentication via a selfie. The selfie is encrypted and sent to the bank’s database to be used for payee authentication. The encryptions ensures the user's privacy, as the full image is not sent to the bank.&nbsp;In 2023, FacePhi recorded an annual revenue of EUR 25.15 million (USD 26.4 million).Key customers and partnershipsIn 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 to act as a distributor for FacePhi's digital onboarding and facial recognition solutions.&nbsp;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. Aiming to expand its presence in the LATAM region, FacePhi established a regional office in Uruguay in March 2022, followed by an agreement with Hites, a Chilean department store, to use remote selfie onboarding technology to allow<a href="https://sp-edge.com/updates?industryIds=16"> Hites’</a> customers to apply for credit cards online.&nbsp;In May 2024, the company entered a strategic partnership with Hancom Group, making it the exclusive distributor of FacePhi's products in the Asia-Pacific region.As of November 2024, FacePhi served over 300 clients across more than 25 countries, with a client retention rate exceeding 95%. The company's technology was being used by several Spanish airlines including Air Europa, Binter, Iberia, and Vueling. Samsung Securities became a technology client in 2024, strengthening FacePhi's presence in the Asia-Pacific market.&nbsp;

FacePhi

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 which includes face detection (detect multiple faces in an image), emotion analysis, crowd demographics, and attention analytics. Main target markets of the company include retail, advertising, hospitality, and digital signage.&nbsp;In January 2022, Sightcorp was acquired by&nbsp;<a href="https://sp-edge.com/updates/7828?industryIds=16">Raydiant</a>, 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.Key customers and partnershipsThe company’s clients include Toyota, Wahlburgers, T-Mobile, Red Bull, and Baskin Robbins.

Sightcorp

Okaya offers a mobile app that aims to understand the users’ wellbeing by using a combination of facial recognition technology, biometrics analysis (such as heart rate, weight etc.) and machine learning. Okaya’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 the level of fatigue of a person. The product is claimed to help create strong work teams and a strong work environment as it allows to identify areas where improvement is required.Key customers and partnershipsOkaya targets industries such as healthcare, corporate wellness, and human resources. The platform is designed to serve both clinical providers and employers aiming to improve workforce mental health. Okaya also supports businesses with dedicated integration assistance via channels like Discord.

Okaya

Facetec offers a 3D&nbsp;facial authentication software called ZoOm, which is capable of high-performance liveness detection (verifying that the captured facial features belong to a living person). The software can be used 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. While most other 3D face mapping requires dedicated hardware components, FaceTec's technology eliminates this requirement. As a result, app developers do not need to rely on device manufacturers to incorporate additional hardware in order to use ZoOm. In September 2019, Facetec improved its product by embedding an age-estimation tool.&nbsp;Even though selfie-based authentication has become commonplace, many of them use 2D facial mapping which makes them vulnerable to spoofing attacks (attempts to gain access illegally by reproducing a person's face using images, masks, mannequins, etc.) due to the use of 2D mapping of facial features.&nbsp;The company claims that its product is one of the few companies to be certified at level 1 and 2 in the iBeta Presentation Attack Detection (PAD) test, which is governed by an ISO standard. The software can detect digital and physical 'spoof artifacts' such as high-resolution photos and videos, masks and mannequins.Key customers and partnershipsFaceTec 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.

FaceTec, Inc.

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 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. 
 
 
 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.
 
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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

Kairos AR

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