Kairos gets a $4 million lifeline for its facial recognition software
Kairos, the facial recognition startup that found itself in turmoil following the ouster of founder and then-CEO Brian Brackeen last October, has raised $4 million in funding from E. Jay Saunders, CEO of Domus Semo Sancus. This brings Kairos's total funding to $17 million. As of November, Kairos had just enough money to get through Q1 of this year. At the time, Brackeen was looking to raise $5 million for the company and had already secured $3.5 million from Beyond Capital Markets, contingent upon Brackeen rejoining the company. Fast-forward to today and Brackeen is still out of the company and the interim CEO, Melissa Doval, has been appointed permanent CEO.
Feb-20-2019, 16:56:11 GMT
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- Information Technology > Security & Privacy (0.34)
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