Brazil-based facial recognition technology developer Acesso Digital received BRL580m ($107m) in a series B round co-led by telecommunications conglomerate SoftBank’s Latin America Fund and growth equity firm General Atlantic.
Founded in 2007, Acesso Digital has developed facial biometrics and identity verification technology for sectors including e-commerce, fintech, healthcare and retail, enabling applications such as recovering a debit card PIN and digitally signing documents.
The series B capital will enable Acesso Digital to further scale its business.
Diego Torres Martins, founder and CEO of Acesso Digital, said: “The contribution will allow us to strengthen our leadership position in new and important markets, such as telemedicine, e-commerce and telecommunications.
“We are grateful for the partnership with two of the largest global investors in technology and we look forward to working with our new strategic partners to further expand the business.”
The company previously obtained $9.5m in series A financing from e.Bricks Ventures in January this year.
