Sistema's corporate venturing fund has paid $5.5m for a 25% stake in the facial recognition, data and robotics technology developer.
VisionLabs, a Russian startup specialising in facial recognition, data analysis and robotics, announced today that it has secured RUB350m ($5.5m at the current exchange rate) from Sistema Venture Capital. The fund received a 25% stake, valuing the startup at $21.5m.
Founded in 2012, VisionLabs has developed a software package, named ‘Luna,’ which allows businesses to “verify and identify customers instantly” based on photo or video images, thanks to Luna’s “unique quality and performance pattern recognition technology” (see demo).
Although Luna was intended primarily for…
