What is Aware?
Founded in 1993 and headquartered in Bedford, Massachusetts, Aware operates as a publicly held provider of sophisticated biometrics software products. The company specializes in the collection, management, processing, and matching of biometric data, serving as a critical infrastructure provider for identification and authentication needs. By delivering high-performance solutions, Aware enables organizations to secure sensitive information and streamline identity verification processes across various enterprise-level applications.
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 Ohio Innovation Fund and Draper Triangle
Series B (2020): $12M led by Blue Heron Capital LLC, Allos Ventures, and Spring Mountain Capital LP
Key Investors in Aware
Allos Ventures
Allos Ventures is a venture capital firm dedicated to powering the growth of high-potential tech companies in the Midwest, focusing on early-stage B2B software and tech-enabled services.
Ohio Innovation Fund
Ohio Innovation Fund supports transformative startups across industries like AI, cybersecurity, and biotech, providing strategic guidance and access to a vast network of industry experts.
Draper Triangle
Draper Triangle is a Pittsburgh-based venture capital firm that focuses on providing early-stage funding to entrepreneurs in the Midwest, with a strong emphasis on software, robotics, and big data analytics.
What's next for Aware?
With the recent influx of capital, Aware is well-positioned to accelerate its product development roadmap and expand its footprint in the enterprise security market. The strategic focus will likely center on enhancing the scalability of its biometric matching engines and deepening its integration capabilities within existing security ecosystems. As the demand for secure, frictionless authentication continues to rise, Aware's commitment to innovation and its established history in the field provide a strong foundation for sustained growth and long-term value creation for its stakeholders.
See full Aware company page
