Facial Recognition Service Face.com Raises $4.3 Million

Posted Sep 29, 2010

Face.com is a facial recognition service that is based in Tel Aviv, Israel. Supposedly Face.com has a 90% accuracy when identifying your face in a Facebook picture.

Earlier this week Face.com raised $4.3 million in Series B funding in a round led by Rhodium and Yandex. Yandex is Russia’s largest search engine company. Yandex CEO Arkady Volozh joined the Face.com board of directors as a result of the funding round.

Face.com was started in 2007 and launched publicly in 2009. The startup uses technology that develops an algorithm from a face and the arrangement of the features. Between Photo Finder and Photo Tagger, two of the company’s Facebook applications, they have scanned about 7 billion images and identified 56 million faces.

This past May, Face.com raised $5.3 million and launched an API for developers to create their own facial recognition applications.