What is Paravision?
Founded in 2013 and formerly known as Ever AI, Paravision specializes in sophisticated face recognition technology. Its platform is a trusted solution for global security device manufacturers, solution providers, systems integrators, and financial services firms, particularly in high-stakes environments where accuracy is paramount. Headquartered in San Francisco, California, Paravision is at the forefront of developing AI-powered computer vision solutions that address complex identification and security challenges.
How much funding has Paravision raised?
Paravision has raised a total of $47M across 3 funding rounds:
Series A
$8M
Series B
$16M
Other Financing Round
$23M
Series A (2016): $8M with participation from Cherubic Ventures, Khosla Ventures, and Felicis Ventures
Series B (2017): $16M led by Felicis Ventures, Icon Ventures, and Khosla Ventures
Other Financing Round (2021): $23M supported by ATOMIC, HID Global, J2 Ventures, Red Cell Partners, Icon Ventures, Perot Jain, and Marlinspike Capital
Key Investors in Paravision
Cherubic Ventures
Cherubic Ventures is an early-stage venture capital firm based in Silicon Valley and Greater China, focusing on investing in ambitious founders from angel to pre-IPO stages. The firm has a diverse portfolio that includes successful companies like Hims & Hers, Calm, and Flexport, showcasing its commitment to supporting innovative startups across various industries.
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems. With over fourteen billion dollars under management, the firm focuses on a broad range of areas including consumer, enterprise, ai, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
Felicis Ventures
Feliciss is a Menlo Parkbased venture capital firm that raises multistage funds to invest in early and growthstage technology companies across sectors such as SaaS, AI, fintech, and consumer, typically leading seed and Series A rounds and supporting founders through scaleup and exit.
What's next for Paravision?
The substantial enterprise-level funding Paravision has attracted indicates a strategic push towards scaling its operations and further developing its AI capabilities. This capital infusion is likely to accelerate product innovation, expand market reach, and strengthen its competitive position in the rapidly evolving computer vision landscape. The company's focus on high-consequence applications suggests a trajectory towards deeper integration into enterprise security, financial services, and potentially new emerging markets requiring advanced biometric authentication.
See full Paravision company page
