{"id":43267,"date":"2020-05-20T12:46:46","date_gmt":"2020-05-20T10:46:46","guid":{"rendered":"https:\/\/newserver.fyb.de\/ai-pxl-vision-secures-chf-4-6-million-seed-funding\/"},"modified":"2020-05-20T12:46:46","modified_gmt":"2020-05-20T10:46:46","slug":"ai-pxl-vision-secures-chf-4-6-million-seed-funding","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/ai-pxl-vision-secures-chf-4-6-million-seed-funding\/","title":{"rendered":"AI: PXL Vision secures CHF 4.6 million seed funding"},"content":{"rendered":"<p>Zurich \u2014 ETH spin-off <strong>PXL Vision<\/strong> has deve\u00adlo\u00adped an arti\u00adfi\u00adcial intel\u00adli\u00adgence-based soft\u00adware plat\u00adform for the secure and auto\u00adma\u00adted veri\u00adfi\u00adca\u00adtion of iden\u00adti\u00adties. Now the company is recei\u00adving <strong>CHF 4.6 million<\/strong> in a seed finan\u00adcing round to expand its tech\u00adno\u00adlogy and grow inter\u00adna\u00adtio\u00adnally. The finan\u00adcing round was led by <strong>SIX Fintech Ventures<\/strong>, with other inves\u00adtors inclu\u00adding <strong>ZKB, High-Tech Gr\u00fcn\u00adder\u00adfonds, Arab Bank <\/strong>and expe\u00adri\u00aden\u00adced busi\u00adness angels<strong> Beat Schil\u00adlig<\/strong> and <strong>David Studer<\/strong>.<\/p>\n<p>Every year, billi\u00adons of perso\u00adnal data records are stolen and often used for frau\u00addu\u00adlent purpo\u00adses. Trust in digi\u00adtal inter\u00adac\u00adtions is ther\u00ade\u00adfore central, and more and more compa\u00adnies are moving to iden\u00adtify their custo\u00admers beyond doubt. To do this, they need digi\u00adtal solu\u00adti\u00adons that are secure, cost-effec\u00adtive, easy to manage, and comply with regu\u00adla\u00adtory requirements.<\/p>\n<p><strong>Flexi\u00adble iden\u00adtity veri\u00adfi\u00adca\u00adtion in real&nbsp;time<\/strong><br>\nPXL Vision has deve\u00adlo\u00adped a digi\u00adtal KYC veri\u00adfi\u00adca\u00adtion plat\u00adform that is parti\u00adcu\u00adlarly modu\u00adlar compared to the compe\u00adti\u00adtion and can ther\u00ade\u00adfore be used very flexi\u00adbly by busi\u00adness custo\u00admers. The plat\u00adform uses Arti\u00adfi\u00adcial Intel\u00adli\u00adgence to authen\u00adti\u00adcate an iden\u00adtity docu\u00adment via the smart\u00adphone camera with mini\u00admal user inter\u00adac\u00adtion and verify the user\u2019s iden\u00adtity via a liveness check and facial match with a video selfie. In addi\u00adtion to Swis\u00adsID, the leading Swiss iden\u00adtity provi\u00adder, major compa\u00adnies such as Sunrise, Salt, UPC and ZKB also rely on PXL Visi\u00adon\u2019s technology.<\/p>\n<p>There are many areas of appli\u00adca\u00adtion for these compa\u00adnies: From taking out a cell phone subscrip\u00adtion online, regard\u00adless of loca\u00adtion, to opening bank accounts elec\u00adtro\u00adni\u00adcally in just a few minu\u00adtes, such as with ZKB\u2019s Frankly app for saving for retirement.<\/p>\n<p><strong>Growth finan\u00adcing completed<\/strong><br>\nSince its foun\u00adda\u00adtion three years ago, PXL Vision has estab\u00adlished itself in the Swiss market. The team size has grown from four to over forty members and important entre\u00adpre\u00adneu\u00adrial awards such as the Swiss Econo\u00admic Award 2019, the W.A. De Vigier Award 2019 and the Swiss\u00adcom Startup Chall\u00adenge Award 2019 have been won. The company also successfully comple\u00adted both the SAP.iO and F10 Fintech Incu\u00adba\u00adtor &amp; Acce\u00adle\u00adra\u00adtor programs.<\/p>\n<p>\u201cHaving proven that we can compete against large and estab\u00adlished play\u00aders in a very compe\u00adti\u00adtive market, it is now time to expand beyond the coun\u00adtry\u2019s borders,\u201d said  <strong>PXL Vision CEO Michael Born<\/strong> (photo: 2nd from left), who foun\u00added the company in 2017 toge\u00adther with Nevena Shamoska (photo: 1st from left), Roxana Porada (photo: 4th from left), Lucas Sommer and Karim Nemr (photo: 3rd from left). The inter\u00addi\u00adsci\u00adpli\u00adnary and expe\u00adri\u00aden\u00adced manage\u00adment team had alre\u00adady worked toge\u00adther for seve\u00adral years at Dacuda AG and had successfully sold Dacuda assets to Florida-based Magic Leap before foun\u00adding PXL Vision in March&nbsp;2017.<\/p>\n<p>Andreas Iten, Head of SIX Fintech Ventures, who will support PXL Vision as a board member in the upco\u00adming growth phase.<\/p>\n<p>Access to growth capi\u00adtal will enable PXL Vision to further expand its product port\u00adfo\u00adlio and enter new markets and indus\u00adtries. The funding is expec\u00adted to move PXL Vision forward quickly. \u201cWe are inves\u00adt\u00ading prima\u00adrily in the intel\u00adli\u00adgence and scala\u00adbi\u00adlity of our tech\u00adno\u00adlogy, as well as in buil\u00adding the busi\u00adness inter\u00adna\u00adtio\u00adnally. We will substan\u00adti\u00adally expand the sales, marke\u00adting and deve\u00adlo\u00adp\u00adment teams to further drive growth,\u201d said Karim Nemr, PXL Visi\u00adon\u2019s chief busi\u00adness officer.<\/p>\n<p><strong>About PXL Vision<\/strong><br>\nPXL Vision AG is a Swiss high-tech spin-off of the Swiss Fede\u00adral Insti\u00adtute of Tech\u00adno\u00adlogy (ETH). PXL Vision provi\u00addes leading solu\u00adti\u00adons for auto\u00adma\u00adting and impro\u00adving iden\u00adtity veri\u00adfi\u00adca\u00adtion and custo\u00admer onboar\u00adding through auto\u00adma\u00adted soft\u00adware solu\u00adti\u00adons based on the latest deve\u00adlo\u00adp\u00adments in compu\u00adter vision and machine lear\u00adning. PXL is head\u00adquar\u00adte\u00adred in Zurich, Switz\u00ader\u00adland, and has R&amp;D centers in Novi Sad, Serbia, and Yere\u00advan, Armenia.<\/p>\n<p><strong>About High-Tech Gr\u00fcnderfonds<\/strong><br>\nThe seed inves\u00adtor High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) finan\u00adces tech\u00adno\u00adlogy start-ups with growth poten\u00adtial. With a volume of around EUR 900 million spread across three funds and an inter\u00adna\u00adtio\u00adnal part\u00adner network, HTGF has supported almost 600 start-ups since 2005. His team of expe\u00adri\u00aden\u00adced invest\u00adment mana\u00adgers and start-up experts supports the young compa\u00adnies with know-how, entre\u00adpre\u00adneu\u00adrial spirit and passion. The focus is on high-tech start-ups from the fields of digi\u00adtal busi\u00adness models, indus\u00adtrial tech, life scien\u00adces, chemis\u00adtry and rela\u00adted busi\u00adness&nbsp;areas.<\/p>\n<p>More than EUR 2.4 billion in capi\u00adtal has been inves\u00adted in the HTGF port\u00adfo\u00adlio by exter\u00adnal inves\u00adtors in more than 1,500 follow-on finan\u00adcing rounds to date. In addi\u00adtion, the fund has alre\u00adady successfully sold shares in more than 100 compa\u00adnies. Inves\u00adtors in the public-private part\u00adner\u00adship include the German Fede\u00adral Minis\u00adtry for Econo\u00admic Affairs and Energy, KfW Capi\u00adtal, the Fraun\u00adho\u00adfer-Gesell\u00adschaft and the 32 companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zurich \u2014 ETH spin-off PXL Vision has deve\u00adlo\u00adped an arti\u00adfi\u00adcial intel\u00ad\u00adli\u00ad\u00adgence-based soft\u00adware plat\u00adform for the secure and auto\u00adma\u00adted veri\u00adfi\u00adca\u00adtion of iden\u00adti\u00adties. Now the company is recei\u00adving CHF 4.6 million in a seed finan\u00adcing round to expand its tech\u00adno\u00adlogy and grow inter\u00adna\u00adtio\u00adnally. The finan\u00adcing round was led by SIX Fintech Ventures, with other inves\u00adtors inclu\u00adding&nbsp;ZKB,&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":34759,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1373,1374],"tags":[],"class_list":["post-43267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-venture-capital-en","category-people-en","news-category-venture-capital-news","news-category-people-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI: PXL Vision secures CHF 4.6 million seed funding - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/ai-pxl-vision-secures-chf-4-6-million-seed-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI: PXL Vision secures CHF 4.6 million seed funding - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Zurich \u2014 ETH spin-off PXL Vision has deve\u00adlo\u00adped an arti\u00adfi\u00adcial intel\u00adli\u00adgence-based soft\u00adware plat\u00adform for the secure and auto\u00adma\u00adted veri\u00adfi\u00adca\u00adtion of iden\u00adti\u00adties. Now the company is recei\u00adving CHF 4.6 million in a seed finan\u00adcing round to expand its tech\u00adno\u00adlogy and grow inter\u00adna\u00adtio\u00adnally. 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Now the company is recei\u00adving CHF 4.6 million in a seed finan\u00adcing round to expand its tech\u00adno\u00adlogy and grow inter\u00adna\u00adtio\u00adnally. 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