What is Aware?
Founded in 1993 and headquartered in Bedford, Massachusetts, Aware operates as a publicly held provider of sophisticated biometrics software. The company specializes in the collection, management, processing, and matching of biometric data, serving as a foundational partner for organizations requiring high-fidelity identification and authentication services. With decades of industry experience, Aware has established a reputation for reliability and technical precision, positioning itself as a critical infrastructure provider within the global security and identity verification landscape.
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 Spring Mountain Capital LP, Allos Ventures, and Blue Heron Capital LLC
Key Investors in Aware
Ohio Innovation Fund
Ohio Innovation Fund is dedicated to supporting transformative and disruptive startups across various industries, including AI, medtech, AR/VR, cybersecurity, and biotech.
Draper Triangle
Draper Triangle I Venture Capital is a Pittsburgh-based venture capital firm that focuses on providing early-stage funding to extraordinary entrepreneurs in the Midwest.
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.
What's next for Aware?
With the recent capital infusion, 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 integrating advanced machine learning capabilities to address emerging threats in identity fraud. As the company transitions into this next phase of growth, the emphasis remains on maintaining its competitive edge through innovation and strategic partnerships, ensuring that its biometric solutions continue to meet the evolving compliance and security requirements of its global enterprise clientele.
See full Aware company page
