Security of Things fund invests in facial recognition startup 20face

Security of Things fund (managed by Value Creation Capital) just announced its investment in glimpse facial recognition startup 20face. Golden Egg Check’s Thomas Mensink is a startup scout for the Security of Things fund and sourced this deal for the fund.

20face was founded in 2017 as an innovative spin-off of the University of Twente that created its own technology platform & software to provide facial identification. We know the 20face team from the entrepreneurial ecosystem in Twente and have supported them several times, e.g. in their application for the Take-Off grant.

The edge of 20face’s technology is a unique combination of regional machine learning and AI algorithms that makes the technology extremely robust to lighting conditions, pose variations, low resolutions and even partly occluded faces; all that is needed is a glimpse of a face for recognition. The technology is extremely “light-weight” which makes it very suitable for embedding it in small devices and scaling it to a large volume of video streams. 20face’s aim is to develop the first worldwide glimpse facial identification platform that is privacy proof, user-driven and ultimately secured. This technology/software will be a key enabler in domains varying from hospitality, ticketing and healthcare to security, surveillance and cyber security.

Read the full press release on Value Creation Capital’s website: https://www.vcxc.com/nieuws_pers/20face/

Release infographic Dutch Cyber Security Market

Aldebert Wiersinga, managing partner at Value Creation Capital, yesterday released the infographic of the Dutch cyber security market (find it here) at the Access to Capital event at Hague Security Delta.

Thomas is startup scout for Value Creation Capital’s venture capital fund for cyber security startups: the Security-of-Things fund. In this way, Golden Egg Check helped to create this infographic by scouting and mapping relevant startups, corporates and other organizations.

We did our very best to find and map the cyber security startups and tech companies in the Netherlands, but we know that this will never be complete as the market is developing rapidly.

Did we miss anybody?

Read more about our scouting services here (for investors) and here (for corporates and governments).

Release of the first infographic of the Dutch Cyber Security Market

Here the release of the first startup infographic of the Dutch Cyber Security Market, created by the Security of Things Fund of Value Creation Capital. This overview includes many many startups!

Please send feedback (omissions, errors, etc) as reply to this message, or to the shown email. This Infographic is one of the deliverables resulting from the co-operation with our analyst Thomas Mensink from Golden Egg Check

Read the post of Aldebert Wiersinga (Value Creation Capital) here on LinkedIn and add your cyber tech company in the comments!

Want to know more about how we scout startups and create startup infographics? Read about it here (for corporates and governments) and here (for investors).