Alcatraz AI secured additional $6.1 Million in funding

Alcatraz AI

Alcatraz AI, a Redwood city-based developer of secure access control solutions, has now secured an additional $6.1 million in the latest funding round.

Alcatraz AI is founded by Tina Agostin in the year 2016. The company leverages Artificial Intelligence to detect tailgating and control access Alcatraz AI also allows organizations to automate entry into the physical locations by adding a layer of security to a building’s existing infrastructure. Alcatraz AI solutions are the tickets for frictionless access control.

Since Alcatraz AI's inception in 2016, Alcatraz AI had secured $20 million in funding.

Executive Opinion

Tina D’Agostin, CEO of Alcatraz AI, said, "Alcatraz AI's unique hardware and software enterprise-grade solutions bring precise facial authentication, simple auto-enrollment, and intelligent tailgating detection to companies ready to level up security measures. With the new investments, Alcatraz AI will expedite bringing our physical security technology to the global market."

Ray Stata, the founder of Analog Devices, Inc. and Alcatraz’s lead investor, said, "With the market demand and need for better access control experiences, Alcatraz is positioned to reshape the way companies improve physical security. Alcatraz has the most advanced AI-powered access control solutions in the market, and I am proud to support them as the company accelerates growth globally."

Alcatraz AI's Latest Funding

The round was backed by Ray Stata, Mucker Capital, JCI Ventures, Hardware Club, and LDV Partners.

Alcatraz AI, as of now, has plans to use the new funds for its product development in access control. The company also intends to expand its access control market with the facial authentication solution, notes the announcement.
PC: Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)