What is Aware?
Founded in 1993 and headquartered in Bedford, Massachusetts, Aware specializes in the development and deployment of biometrics software products and comprehensive solutions. Their offerings are designed to facilitate the collection, management, processing, and matching of biometric images and data, crucial for robust identification and authentication processes. As a publicly held entity, Aware operates within the critical cybersecurity and identity management landscape, providing foundational technology for secure access and verification systems.
How much funding has Aware raised?
Aware has raised a total of $15M across 2 funding rounds:
Series A
$3M
Series B
$12M
Series A (2017): $3M with participation from Draper Triangle and Ohio Innovation Fund
Series B (2020): $12M led by Allos Ventures, Spring Mountain Capital LP, and Blue Heron Capital LLC
Key Investors in Aware
Allos Ventures
Allos Ventures is a venture capital firm focused on high-potential tech companies in the Midwest, specializing in early-stage B2B software and tech-enabled services, often acting as lead investors.
Draper Triangle
Draper Triangle I Venture Capital is a Pittsburgh-based firm providing early-stage funding to Midwest tech startups, with a focus on software, robotics, and big data analytics.
Ohio Innovation Fund
Ohio Innovation Fund supports transformative startups across AI, medtech, AR/VR, and cybersecurity, offering strategic guidance and investment to foster innovation and growth.
What's next for Aware?
The recent strategic investment signals a pivotal moment for Aware, likely enabling the company to accelerate its product development, expand its market reach, and enhance its technological capabilities in the rapidly evolving biometrics industry. This capital infusion is expected to bolster Aware's efforts in areas such as multimodal biometrics, cloud-based solutions, and advanced identity verification, positioning the company for sustained growth and competitive advantage in enterprise-level security and authentication markets. Further expansion into new verticals and strengthening existing partnerships are anticipated strategic moves.
See full Aware company page
