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§ Private Profile · Carefree, AZ, USA
AI and AR software for privacy-first facial tracking, computer vision, and virtual try-on in retail, beauty, healthcare.
Based in Carefree, Arizona, AlgoFace develops privacy-first facial artificial intelligence and augmented reality software that enables virtual try-ons, digital avatars, and facial analysis without storing personally identifiable information. The enterprise software company licenses its proprietary edge-computing application programming interfaces and software development kits to corporate clients operating across the global retail, consumer electronics, gaming, and telehealth sectors. Operating with fewer than 50 employees, the startup generates under $5 million in annual revenue and has secured over $1.2 million in non-dilutive federal grant funding to support its research. The firm's ethical computer vision development has been financially backed by the United States National Science Foundation, while its commercial strategy is led by executive Tom Lasiter following innovation awards from the Phoenix Business Journal. AlgoFace was officially founded during 2017 by technology co-founders Andrew Bart and Taleb Alashkar.
AlgoFace has raised $2.0M across 3 funding rounds.
AlgoFace has raised $2.0M in total across 3 funding rounds.
AlgoFace has raised $2.0M across 3 funding rounds. Most recently, it raised $280K Grant in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2024 | $280K Grant | Erwin Gianchandani | — | Announced |
| Feb 27, 2024 | $150K Grant | Arizona Commerce Authority | — | Announced |
| Oct 6, 2022 | $1.6M Seed | — | Arizona Tech Investors, Band OF Angels, Canyon Angels | Announced |
AlgoFace has raised $2.0M in total across 3 funding rounds.
AlgoFace's investors include Erwin Gianchandani, Arizona Commerce Authority, Arizona Tech Investors, Band of Angels, Canyon Angels.