Sector Update – TMT Facial Recognition
The Saxenhammer & Co. Technology Investment Banking Team disclosed a sector report on the Facial Recognition industry.
The facial recognition market is characterized by strong growth through drivers from the FinTech, EdTech and HealthTech sectors. The attractive ecosystem is emerging quickly through significant fundraising rounds and various M&A transactions in the past months.
In the report, relevant trends in the Global Facial Recognition Market are highlighted, such as the growth in Digital Banking and Finance, the adoption of AI-based online proctoring in the EdTech industry and the emerging role of Smart City Initiative.
In addition, the report describes the facial recognition ecosystem, its segmentation, and the most recent and relevant M&A and capital raising transactions within the sector. Some relevant and recent transactions to highlight are the finalization of the agreement in which Atos – a global IT services firm – decided to acquire the London-based video analytics firm Ipsotek as well as the acquisition of Trueface by the technology-based security and travel services provider Pangiam.
Furthermore, we are experiencing a strong momentum in terms of fundraising rounds. Anyvision managed to raise $43m in his Series B funding from Lightspeed, Robert Bosch, DFJ Growth and other investors in September 2020, whereas Alcatraz AI received $6.1m seed funding in April 2021
The Saxenhammer & Co. technology team has successfully worked with various entrepreneurs in this field and has brought in value through an excellent network in the European tech sector and experience form over 230 transactions. The team looks forward to discussing their findings and the current trends and talk about interesting opportunities.
The Saxenhammer & Co. Technology Investment Banking Team who worked on this sector update is composed by Dr. Nicholas Hanser (Head of Technology Investment Banking), who was supported by Priyanshu Bhattacharya (Director), Claire Liu (Associate) and Fabian Kotek (Analyst).
Read and download full article here.