Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 6 promising Facial Recognition Startups.
Heat Map: 6 Top Facial Recognition Startups
For our 6 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 6 interesting examples out of 1.061 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
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Riddletag – Enhanced Customer Experience In Retail
Nowadays brick-and-mortar stores face stiff competition from eCommerce companies. Compared to shopping websites, offline stores are less personalized and are relatively less convenient for a large number of customers. Facial recognition technology assists retail stores in giving their customers a more personalized in-store experience. Startups work on various solutions that enhance the in-store experience of customers by integrating face recognition technology into existing loyalty programs, payment systems, and product ads.
Estonian startup Riddletag develops solutions for retail shops based on facial recognition technology. Their API and SDK allows fully automated store payment systems with the use of facial recognition technology, which saves time for customers standing in queues waiting to checkout. Besides, it also contributes to improving loyalty programs.
Okaya – Fatigue Management For Health Professionals
The healthcare sector is often plagued with a shortage of medical professionals who are available to attend and treat patients. Facial recognition technology, strengthened by machine learning and computer vision, provides medical practitioners with a remote-friendly solution to easily diagnose and interact with patients. Startups develop various solutions based on facial recognition that assists patients suffering from long-term diseases and other mental health issues.
The US-based startup Okaya offers facial recognition solutions to individuals and medical professionals. Okaya utilizes facial analysis, paired with computer vision, to detect signs of fatigue and predict burnouts of individual users. In addition, users have the opportunity to record short-interval videos which can then be analyzed for potential risks and compared with reference data to prevent burnouts.
CaraCom – Efficient Crowd Management For Public Safety
Law enforcement agencies often struggle to apprehend criminals and suspects at check posts, airports, and stadiums. Facial recognition technology enables law enforcement agents to conduct effective surveillance of crowded spaces. Startups and emerging companies create facial recognition solutions that eliminate the necessity of conventional ID cards at entrances and exits of corporate buildings and other public places.
Finnish startup CaraCom develops CaraID which is an ID card that uses facial recognition to identify and validate a person instead of conventional ID cards. CaraID is suitable for integration with existing systems at malls and airports. The video recordings and other data are not transmitted or shared to the web in order to ensure personal data protection and privacy.
AdMov – Optimization For Marketing & Advertising
Marketing professionals face a lot of challenges when it comes to customer-specific marketing. Certain products require targeting particular customer groups depending on gender, age, etc. Startups develop facial technology-enhanced solutions that recognize specific customers and analyze their details to show advertisements that are applicable to those customers only.
Filipino startup AdMov builds a smart advertising platform for commercial vehicles. AdMov employs facial recognition and artificial intelligence (AI) to analyze client personas, based on age, gender, and other factors. In addition, they show advertisements to eligible passengers inside cabs and taxis. AdMov also allows for geo-fencing integration to target customers at a certain location and at a particular time.
Clofus – Insights For Schools & Classrooms
Schools and colleges usually face challenges with tracking the attendance of students in classrooms. A lot of time is consumed with conventional methods of attendance marking. Startups are developing facial recognition-based solutions for attendance and monitoring of students in schools, which also promotes safer study environments. Understanding student emotion during the course of a day or year provides valuable insights into possible improvements in student learning outcomes.
Indian startup Clofus builds a platform for schools that utilizes facial recognition technology to mark attendance and capture the emotions of students during classes. By analyzing the captured emotions, educators gain valuable insights into any unusual behavior so that school counselors receive an early warning and can schedule a meeting with a certain student.
Raven – Driver Safety & Traffic Surveillance
The number of accidents that occur on roads due to distracted drivers is alarmingly high. Startups utilize facial recognition technology to monitor drivers’ behavior and alert owners about any potential threats. This technology also analyzes the likelihood of the driver being under the influence and prevents a person from driving a vehicle in such situations.
Canadian startup Raven designs a smart platform for fleet owners. Their platform uses facial recognition and AI algorithms to provide owners with alerts and notifications in certain cases. For example, if the driver is negligently operating a vehicle or if there’s an accident. Besides, vehicle data – for example, from a dashcam, is transmitted from the vehicle to fleet owners and allows for increased transparency.
What About The Other 1.055 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 6 facial recognition startups showcased above are promising examples out of 1.061 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.
