What is Aware?
Founded in 1993 and headquartered in Bedford, Massachusetts, Aware specializes in the collection, management, processing, and matching of biometric images and data. Its solutions are critical for identification and authentication processes across various industries. As a publicly held company, Aware operates within the competitive landscape of identity verification and security technology, leveraging decades of experience to provide robust biometric software products.
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
Draper Triangle
Draper Triangle is a venture capital firm focused on early-stage funding, particularly in software, robotics, and big data analytics. Their investment in Aware suggests a belief in the company's foundational technology and potential for disruptive growth.
Ohio Innovation Fund
The Ohio Innovation Fund supports disruptive startups across various tech sectors, including AI and cybersecurity. Their participation indicates a strategic alignment with Aware's mission to advance identification and authentication technologies.
Allos Ventures
Allos Ventures focuses on early-stage B2B software and tech-enabled services, often acting as lead investors. Their involvement suggests a strategic partnership aimed at scaling Aware's enterprise solutions.
What's next for Aware?
The recent major strategic investment signals a pivotal phase for Aware, likely aimed at accelerating product development, expanding market reach, and enhancing its competitive edge in the rapidly evolving biometrics industry. This capital injection is expected to fuel innovation in areas such as multi-modal biometrics and advanced identity management solutions, positioning Aware for further enterprise-level adoption and growth. The company's established presence and ongoing funding suggest a strategic focus on scaling operations and solidifying its role as a key player in secure authentication.
See full Aware company page
