StageSeries C | Alive
Last Raised$60M | 2 yrs ago
Aware develops platforms for governance, compliance, and monitoring aimed at boosting global company connectivity, teamwork, and security. The company's platform addresses issues with archiving, monitoring, organization insights, eDiscovery, retention, and legal holds that are frequently encountered by legal, compliance, information security, and IT departments when implementing collaboration, allowing businesses to increase employee engagement and lower the likelihood of inappropriate behavior. The company was founded in 2017 and is based in Columbus, Ohio.
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ESPs containing Aware
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These solutions monitor data access, usage, and sharing to identify anomalous activity that may indicate abuse.
Aware named as Leader among 11 other companies, including Kiteworks, Digital Guardian, and DTEX.
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Research containing Aware
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CB Insights Intelligence Analysts have mentioned Aware in 1 CB Insights research brief, most recently on Mar 28, 2022.
Expert Collections containing Aware
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Aware is included in 3 Expert Collections, including Regtech.
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Aware has filed 4 patents.
Ethernet, Network protocols, Link protocols, Networking hardware, Computer networking
Ethernet, Network protocols, Link protocols, Networking hardware, Computer networking
Latest Aware News
Mar 10, 2023
March 10, 2023 Aware, Inc. has issued its financial results for the fourth quarter and full fiscal year ending December 31, 2022. The company’s revenues for the fourth quarter of 2022 remained stable at $4.1 million, compared to $4.0 million in the same quarter of the previous year. However, recurring revenues increased by 16 percent, reaching $2.6 million or 65 percent of total revenue. Aware’s Knomi selfie-based authentication solution saw significant growth over the past year with the addition of seven new partners, offering opportunities for expansion in Latin America, Europe, the Middle East, and Africa. Aware also highlighted its presence in the federal market, with its solutions being used in all three branches of the US federal government and 12 of 15 executive branch departments . The company’s platform, AwareID, received SOC 2 certification in 2022, demonstrating its high level of security and data confidentiality capabilities. Aware President and CEO Robert Eckel stated that the company’s past investments are beginning to yield returns in recurring revenue. Aware has a solid balance sheet with cash and marketable securities of $29 million, he noted, which provides sufficient runway to execute its growth strategy and remain opportunistic. Eckel added that the company has an exciting pipeline of opportunities that they are starting to convert at an encouraging pace. Aware’s refined sales strategy is picking up momentum and creating repeatable sales activities that give the company’s management confidence in their ability to deliver annual recurring revenue growth of at least 15 percent in 2023, positioning Aware to reach positive operating cashflow going into 2024. Revenue for the full year 2022 was $16.0 million, compared to $16.9 million in 2021, primarily due to lower revenue from services. However, the company’s net loss for the year ended December 31, 2022, totaled $1.7 million, compared to a net loss of $5.8 million in the same year-ago period, thanks in part to a $5.7 million gain on the sale of their prior principal executive offices. Adjusted EBITDA loss for 2022 came in at $5.4 million, compared to an adjusted EBITDA loss of $3.8 million in 2021. – Want To Deploy Biometric Access? Download This First: 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.
Aware Frequently Asked Questions (FAQ)
When was Aware founded?
Aware was founded in 2017.
Where is Aware's headquarters?
Aware's headquarters is located at 455 S. Ludlow Street, Columbus.
What is Aware's latest funding round?
Aware's latest funding round is Series C.
How much did Aware raise?
Aware raised a total of $85.3M.
Who are the investors of Aware?
Investors of Aware include Draper Triangle Ventures, Ohio Innovation Fund, Rev1 Ventures, JumpStart, JobsOhio and 6 more.
Who are Aware's competitors?
Competitors of Aware include AwanTunai and 2 more.
Compare Aware to Competitors
Proofpoint is a company that develops security and compliance solutions. It offers email, mobile, desktop, cloud, digital risk, and information protection products as well as provides security awareness training, archiving, and compliance solutions. The company serves the federal government, higher education, financial services, healthcare, and other markets. In August 2021, Proofpoint was acquired by Thoma Bravo at a valuation of $12.3B.
On May 19th, 2022, Mimecast was acquired by Permira at a valuation of $5.8B. Mimecast is a provider of next generation cloud security and risk management services for corporate information and email. The company's fully-integrated suite of cloud services protects customers of all sizes from the significant business and data security risks to which their email system exposes them. Mimecast protects customers from today's rapidly changing threat landscape where email has become a powerful attack vector and data leak concern. The company also mitigates the significant business disruption that email failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address growing compliance and e-discovery requirements and enable customers to use this increasing archive of information to improve employee productivity. It was founded in 2003 and is based in London, England.
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