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Founded Year

2018

Stage

Seed - II | Alive

Total Raised

$20.5M

Last Raised

$10M | 2 yrs ago

About TECH5

TECH5 is an international technology company that specializes in biometrics and digital identity management. The company offers a range of services including contactless capture of biometric data, identification platforms for national level ID projects, digital credential issuance for personal data protection and fraud prevention, and biometric verification and authentication technologies. TECH5 primarily serves the government and private sectors, providing solutions for civil and digital ID, as well as authentication solutions for various use cases. It was founded in 2018 and is based in Geneva, Switzerland.

Headquarters Location

Rue de Neuchatel 8

Geneva, 1201,

Switzerland

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ESPs containing TECH5

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Cybersecurity

The biometric identity market refers to technologies that can verify or authenticate an individual's identity based on their unique biological characteristics. It encompasses various biometric modalities such as fingerprint recognition, facial recognition, iris recognition, voice recognition, and palm vein recognition. These solutions can improve security while also offering users more convenient …

TECH5 named as Leader among 13 other companies, including Jumio, Incode, and Intellicheck.

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Research containing TECH5

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned TECH5 in 2 CB Insights research briefs, most recently on Feb 20, 2024.

TECH5 Patents

TECH5 has filed 1 patent.

The 3 most popular patent topics include:

  • alternative currencies
  • authentication methods
  • biometrics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/5/2023

Cryptocurrencies, Biometrics, Blockchains, Alternative currencies, Authentication methods

Application

Application Date

5/5/2023

Grant Date

Title

Related Topics

Cryptocurrencies, Biometrics, Blockchains, Alternative currencies, Authentication methods

Status

Application

Latest TECH5 News

Government Programs, Airport Upgrades, and a ‘Metasurface’ Breakthrough

Feb 20, 2024

February 20, 2024 Welcome to FindBiometrics’ digest of identity industry news. Here’s what you need to know about the world of digital identity and biometrics today: Researchers Detail Efficient, Alternative Approach to 3D Face Mapping Researchers in Taiwan have developed an alternative approach to 3D face mapping that swaps conventional optical sensor systems based on structured light for a novel approach based on metasurface-based light manipulation. It might sound more complicated, but the research team says its alternative system uses a smaller surface area and less energy, while delivering solid results in terms of face mapping and facial recognition. Read our full story . Vietnam to Collect Unconventional Biometrics in New ID Program Vietnam’s Prime Minister, Pham Minh Chinh, has requested that the Ministry of Public Security begin collecting citizens’ biometric data for a new ID program starting July 1, 2024, when a new ‘Law on Citizen Identification’ is slated to come into effect. Some unusual types of biometric data will reportedly be collected for the national ID system, including voice samples, iris biometrics, and even DNA. Previously, the Police Department for Administrative Management of Social Order had been in charge of issuance of new ID cards, but that responsibility will be handed over to the Ministry of Public Security for the new ID program. The Ministry has previously worked with NEC to issue chip-based ID cards to citizens. Pangea, TECH5 Deliver Biometric Voter Registration System for Jamaica Pangea and TECH5 have delivered a biometric voter registry to the government of Jamaica. Pangea won the contract from the Electoral Commission of Jamaica through a public tender, and looked to TECH’s T5-OmniMatch ABIS solution to provide a technological foundation for a centralized system that can register and verify voters via fingerprint and face biometrics. The project involved the migration of an existing, decade-old fingerprint processing system, with the new, joint solution supporting the registration of four million voters. A Jamaica-based IT firm has been subcontracted to provide ongoing maintenance and support services. Biometric Passenger Screening Projects Underway in Nigeria, Uganda Biometric screening technology has been deployed at all of Nigeria’s international airports , clearing the way for an expedited passenger processing system to go live in March. Speaking at a media event, Nigeria’s Interior Minister, Olubunmi Tunji-Ojo, said the system will screen each traveler in just 30 seconds. Biometric gates have been set up at airports in Lagos, Abuja, Portharcourt, Kano, and Enugu. Minister Tunji-Ojo said that the screening systems were not only meant to enhance the traveler experience, but that they add an extra layer to the country’s National Security Architecture. Across the continent, Uganda’s main international airport now has biometric self-service kiosks for Ugandan citizens holding e-passports. The kiosks prompt travelers at the Entebbe International Airport to hold their passport over a scanner, select their flight information, and to then look up at a camera above the screen, informing them that it will “match your facial features with the record in the ABC”, presumably referring to an Automated Border Control system. If the match is successful, the kiosk will issue a ticket with a barcode that can be scanned at an e-gate, where another “face capture” session will be required. Trucker Dash Cam Company Faces Another BIPA Lawsuit Another proposed class action lawsuit has been filed against Samsara, a dash cam provider for the trucking industry, under Illinois’ Biometric Information Privacy Act. The lawsuit alleges that Samsara’s “AI Dash Cam” collected and stored truckers’ biometric data without meeting BIPA’s consent and disclosure requirements. Samsara had previously been named a defendant in a lawsuit primarily aimed at a trucking company that used its dash cams, though that lawsuit was dismissed after Samsara argued both that third party vendors shouldn’t be held accountable for their clients’ actions, and that it had provided its customers with a sample BIPA policy and consent form, and required them to get drivers’ consent. Turkish Bank Launches Fingerprint-Scanning Card Garanti BBVA, a major private bank in Turkey, has launched a fingerprint-scanning payment card . In a statement, Garanti BBVA Deputy General Manager and Garanti BBVA Payment Systems Board Member Murat Çağrı Süzer explained that the Bonus Platinum Biometric Card allows customers to “make secure payments quickly and easily by simply scanning their fingerprints,” and emphasized the convenience of not having to remember a PIN or to adhere to any limits for contactless transactions. The card is the result of a collaboration between Garanti and Mastercard, whose GM for Turkey and Azerbaijan, Avşar Gürdal, said that Mastercard has “adopted biometric payment authentication as one of the cornerstones of our security infrastructure”. South Korean Firm Announces AI-Infused Kiosk South Korea-based AI Robotics has announced that it has entered the commercialization phase of a “generative AI hardware device” dubbed “Stella”. The device is essentially a screen interface kiosk mounted on a robotic arm. It integrates multiple Large Language Models”, including OpenAI’s GPT-4 and Meta’s LLaMa, enabling voice-based interaction with users; and it features facial recognition and gesture recognition, both of which help it to interact with users. AI Robotics says it will officially unveil Stella at MWC 2024 in Barcelona. Toronto VC Firm Backs Crypto Wallet Project Serenity Shield has established a partnership with Toronto-based BitValue Capital, a crypto-focused investment and venture capital firm that will now back Serenity Shield’s efforts to launch a hardware wallet for the storage of cryptocurrencies and NFTs. The wallet will prominently feature a fingerprint scanner for biometric access. Another notable feature is its planned approach to seed phrase storage for wallet recovery: Serenity Shield will split a seed phrase into three parts, and store each one as a unique NFT, ensuring that access to a user’s private keys is distributed, and not stored in a centralized location. The companies have not disclosed the size or form of BitValue’s backing of Serenity Shield. – Sponsored Links FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies. TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases.

TECH5 Frequently Asked Questions (FAQ)

  • When was TECH5 founded?

    TECH5 was founded in 2018.

  • Where is TECH5's headquarters?

    TECH5's headquarters is located at Rue de Neuchatel 8, Geneva.

  • What is TECH5's latest funding round?

    TECH5's latest funding round is Seed - II.

  • How much did TECH5 raise?

    TECH5 raised a total of $20.5M.

  • Who are the investors of TECH5?

    Investors of TECH5 include Totm Technologies.

  • Who are TECH5's competitors?

    Competitors of TECH5 include WINNING.I and 5 more.

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Compare TECH5 to Competitors

Neurotechnology Logo
Neurotechnology

Neurotechnology is a company that specializes in artificial intelligence and biometric technologies, operating within the technology and software industry. The company offers a range of services including fingerprint, face, eye iris, voice and palm print identification, as well as speaker and object recognition software. Neurotechnology primarily serves sectors that require large-scale multi-biometric identification systems, such as national-scale projects and security applications. It is based in Vilnius, Lithuania.

Nect Logo
Nect

Nect develops digital identity technology in information technology (IT). The company offers automated online identification and digital signature services, using artificial intelligence (AI) to verify identities based on identity documents and selfie videos. It offers identification based on AI which allows users to exercise and monitor all transactions and personal information. It primarily serves the insurance, financial, and government sectors. It was founded in 2017 and is based in Hamburg, Germany.

I
IN Groupe

IN Groupe Nationale provides digital printing services and products. The company offers professional cards, electronic driving licence, biometric passport, cheque, letters, degrees, and certificates, as well as acquisition and management services. IN Groupe formerly known as Imprimerie Nationale. The company is based in Paris, France.

Fingerprints Logo
Fingerprints

Fingerprints operates as a device intelligence and biometrics company. The company offers a platform that provides real-time device intelligence, identifying users across website and mobile applications, and providing actionable intelligence about visitor intent. Its service is primarily used by companies in the electronic commerce industry, fraud detection, and user experience optimization. Fingerprints was formerly known as FingerprintJS. It was founded in 2019 and is based in Chicago, Illinois.

I
IsItYou

IsItYou offers effective face recognition solutions for better mobile security.

Ingressio Logo
Ingressio

Ingressio is a biometric solutions company. It provides a unique identity verification solution that leverages practical biometric technologies to reduce fraud, maximize control, and harden security in organizations. The company was founded in 2001 and is based in Colonia Napoles, Mexico.

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