PXL Vision, an automated identity verification platform, has closed its seed round on CHF 4.6m ($4.7m).
The round was led by SIX Fintech Ventures, with other commitments coming from ZKB, High-Tech Gründerfonds, Arab Bank and angel investors Beat Schillig and David Studer.
With the close of the round, the company is looking to deepen its technology and expand internationally.
PXL leverages AI technology to verify identity documents in real-time through a smartphone camera. The technology confirms the identity from a video selfie through a liveness check and face comparison.
The Switzerland-based RegTech solution is plug and play to ease the integration with existing infrastructures. Its solution also supports digital signatures, data and text capture, background checks and facial checks on existing databases.
SIX Fintech Ventures head Andreas Iten said, “PXL Vision’s unique AI technology and innovation pipeline, its flexible and modular product portfolio and the impressive track record of its experienced management team convinced us. We fully expect PXL Vision to become one of the leading providers of digital identity solutions worldwide.”
As part of the deal, Iten will join the PXL Vision management board.
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