Truepic plans to use the funds to scale its patented camera technology across smartphone devices and applications. Here are the top-line bullets you need to know.
Truepic, a digital image verification software provider, has raised $26M in a Series B. The round drew participation from M12, Adobe Systems, and Hearst Ventures, among others.
How’s the company performing?
- California-based Truepic’s secure camera technology acquires high-integrity provenance data from the moment of capture and makes use of cryptography to secure photos and videos against tampering.
- The company has verified millions of photos and videos across more than 150 countries.
- Truepic’s patented technology is used by over 100 corporations, including Ford Motor, Transunion, Equifax, and Palomar Holdings.
- The company’s revenue grew more than 300% last year.
Why does the market matter?
- The digital forensics market is projected to grow at a CAGR of 15.9% to reach a value of $9.68B by 2022, according to Markets and Markets.
- The increasing penetration of consumer electronic devices, rising number of cyberattacks, and proliferation of deceptive visual media — such as manipulated photos and videos as well as synthetic media generated by AI — have contributed to industry growth.