Cupertino-based startup Alcatraz AI raises $25 mn in Series A funding

Alcatraz AI, a Cupertino-based startup offering a facial recognition-based security system, raised $25 million in a Series A funding round. The round was led by Almaz Capital and included European Bank for Reconstruction and Development (EBRD), Endeavor Catalyst, Silverline Capital and Golden Seeds. Its facial authentication technology enables enterprises to future-proof their security strategy.