Assa Abloy has invested in US-based facial recognition solutions provider, Paravision. As part of a MUSD 23 funding round for Paravision, Assa Abloy aims to deliver a highly secure user experience in a variety of identify verification and authentication applications, including access control.
“The investment in Paravision is a strategic technological investment for the Assay Abloy Group and will accelerate the development of biometric solutions that leverage facial recognition algorithms and provide complementary growth opportunities,” said Nico Delvaux, President and CEO of Assa Abloy.
Aligning with HID Globals investment into facial recognition solutions, Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global added: “In partnership, HID and Paravision have already cooperated on projects and we look forward to further advancing our collaboration across a number of different markets and use cases.”
