-
-
-
-
Delen
20Face, started as a spin-off from the University of Twente and now based in The Gallery at Kennispark, has in recent years positioned itself as a forerunner in facial recognition technology that safeguards users’ privacy. 20Face’s technology is already being deployed in various sectors, such as in business premises, secure environments, healthcare institutions and recreational locations. Recently, 20Face completed a project where 23 FairPlay Casino locations were equipped with facial recognition for access.
‘Our technology is ideally suited for locations where many people need controlled and fast entry. Safe seamless access is what we call it.’ said Frank ter Kuile, CCO of 20Face. ‘With facial recognition, the risk of privacy violation lurks, while security should not come at the expense of the individual’s privacy. Our solution gives the user control over their own data. Ensuring the privacy of our users and complying with European privacy legislation is of great importance to us.’
Investment for further development
20Face is using the investment to accelerate the company’s growth and further development of their innovative technology. In doing so, the Enschede-based company plans to enter new markets and establish strategic partnerships. This will enable 20Face to better serve their customers and pave the way for wider adoption of their privacy-first approach to facial recognition.
‘We are delighted to announce this investment. It reflects the confidence of both existing shareholders and our new partner Twinning in our mission and technology,’ said Dick Fens, CEO of 20Face. ‘This funding will allow us to further develop our technology, expand our team and strengthen our market position.’
Twinning, an investment company with a focus on technological innovations, sees great potential in 20Face. ‘We are impressed by what 20Face has achieved so far and are convinced that their privacy-proof facial recognition can make a big difference.’ Physical surveillance is becoming more expensive and good (security) staff are scarce. In this world, you no longer want to rely solely on an access card, this is where 20Face’s solution responds perfectly.’ said Jan Voskamp, director at Twinning Participations. ‘We look forward to supporting them in their next growth phase.’
Matthijs Berkelaar, investment manager Tech at Oost NL: ‘Facial recognition is a technology that requires strict privacy protection rules. Within the legislation, 20Face’s technology can provide a solution for the security of business premises, among others. In recent years, 20Face has become a frontrunner in privacy-proof facial recognition, with several customers now. That new investors are joining in addition to existing shareholders is good news for the company. This will allow them to further contribute to secure access to physical locations.’
Source: East NL
