Face.com
The largest face recognition platform in the world.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
$60.0m Valuation: $60.0m | Acquisition | ||
| Total Funding | 000k | ||
Face.com, established in 2007 by founders Gil Hirsch, Yaniv Taigman, Moti Gindi, and Eden Shochat, carved a significant niche in the field of facial recognition technology. The company originated in Tel Aviv, Israel, and was initially bootstrapped by its founders. The team's journey began with the development of Photo Finder, a Facebook application that allowed users to scan their photo albums and automatically tag friends, showcasing the core of their technological capabilities early on.
The firm's primary offering was a robust facial recognition platform accessible to third-party developers through a REST API. This platform was distinguished by its capacity for large-scale photo indexing, enabling developers to integrate facial recognition into their own applications. The business model centered on a freemium structure; the API was free for basic use, but the company charged for commercial usage and higher volumes of photo processing, thereby generating revenue from its developer ecosystem. Face.com's technology was capable of scanning billions of photos monthly, identifying faces with remarkable accuracy and providing data such as gender, and whether a subject was wearing glasses or smiling.
A notable milestone in the company's trajectory was the launch of its mobile application, KLIK, in 2012. This app utilized the phone's camera to identify friends in real-time and facilitated instant sharing on social networks like Facebook and Twitter, effectively demonstrating the power and speed of their recognition engine in a mobile environment. The company's impressive technology and growing user base ultimately attracted the attention of Facebook, which acquired Face.com in June 2012 for a sum reported to be between $55 and $60 million. Following the acquisition, Face.com's public API was discontinued as the team and its technology were integrated into Facebook's own platform to enhance photo-tagging features.
Keywords: facial recognition, API platform, photo tagging, computer vision, image analysis, mobile recognition, developer tools, social media integration, biometrics, tech acquisition