Coverage from Silicon Angle indicates that Alcatraz, a startup specializing in facial recognition security, has successfully raised $50 million in a Series B funding round. This significant investment, led by BlackPeak Capital, Cogito Capital, and Taiwania Capital, with participation from existing investors, brings the company's total funding to over $100 million.Alcatraz develops physical security systems utilizing AI-powered facial recognition to control access to critical infrastructure like data centers and airports. Their core product, "the Rock," functions as a scanner at entry points, verifying authorized personnel at walking speed without storing personal data, thereby addressing privacy concerns associated with traditional facial recognition systems. The technology aims to replace methods such as ID badges and PINs, which are susceptible to loss or theft.The company has seen substantial growth, with deployments in data centers increasing by 300% in the past year. This funding round is poised to fuel Alcatraz's international expansion and entry into new markets, particularly data centers, which are crucial for AI infrastructure. Source: Silicon Angle
