The Image Recognition has over 300 startups that comprise of companies offering software that can identify places, people, objects and actions in images or digital videos. This includes companies offering services like image recognition software facial recognition software, object recognition software amd optical character recognition. Image Recognition is one of the most active sectors for investors, with an overall funding of USD 8.2B in 150 companies. It is also interesting to note that more than half of the funding has been raised in the last 3 years (2018-2020). Plug and Play Tech Center, Deep Learning, Y Combinator, Capital Factory and Alibaba Group are amongst the most active investors in this sector, by number of investments. Applications, facial recognition, offline retail, shelf management and security systems are some of the top business models attracting major funding.