Pangiam on Tuesday said it has acquired Trueface, which has capabilities in computer vision for facial recognition, weapons detection, age verification and anomaly detection, significantly bolstering its technology prowess to service the security and travel services markets.
Terms of the deal were not disclosed.
Trueface, which is based in California, develops and provides computer vision solutions used in a wide range of markets including financial, education, security, healthcare, retail, hospitality and government. Pangiam said Trueface’s facial recognition technology achieved a top three ranking among western firms in the National Institute of Standards and Technology’s one-to-many face recognition vendor test in the visa kiosk category.
Pangiam, a portfolio company of the private equity firm AE Industrial Partners (AEI), was founded last year by AEI through the acquisitions of Linkware and PRE. In March, Pangiam made its first acquisition, acquiring the veriScan integrated facial recognition system from the Metropolitan Washington Airports Authority.
The veriScan camera system is used at a number of U.S. airline international departure gates to take photos of travelers’ faces before they enter the jetway for comparison against a database of facial images hosted by U.S. Customs and Border Protection to ensure foreign nationals are leaving the U.S. in accordance with their visa terms. For veriScan and for Trueface, Pangiam sees a wide range of opportunities for the technologies in the airport and travel environment.
Pangiam said that Trueface will help advance its goal of providing “a safer, faster, and more personalized travel experience for all. Trueface will add an additional capability to Pangiam’s existing technologies, creating a comprehensive and seamless solution to satisfy the needs of both federal and commercial enterprises.”
Trueface founders Shaun Moore and Nezare Chafni have joined Pangiam.
“Shaun and Nezare are pioneering thought leaders whose advances in computer vision have the potential to drive innovation in identity management, data labeling and biometrics,” Kevin McAleenan, CEO of Pangiam, said in a statement.
Kirk Konert, a partner at AEI, linked the acquisition of Trueface to ramp up in passenger air travel as the COVID-19 pandemic begins to ebb.
“Adding Trueface’s technology solutions to Pangiam’s offerings comes at a perfect time, as air travel is poised to continue to rebound and passengers want reassurances that the highest health and safety protocols are being followed,” he said.