About Algoface
Algoface is a company based in Carefree (United States) founded in 2018 by Andrew Bart and Taleb Alashkar.. Algoface has raised $25 thousand across 4 funding rounds from investors including Arizona Commerce Authority, National Science Foundation and Band of Angels. Algoface offers products and services including 2D Facial Landmark Tracker, 3D Face Mesh, Face Redaction, and Virtual Try On. Algoface operates in a competitive market with competitors including Perfect Corp, Revieve, Banuba, Makeover Solutions and InkHunter, among others.
- Headquarter Carefree, United States
- Founders Andrew Bart, Taleb Alashkar
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Sectors
TechnologyRetail Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 K (USD)
in 4 rounds
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Latest Funding Round
$275 K (USD), Grant
Mar 01, 2024
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Investors
Arizona Commerce Authority
& 2 more
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Employee Count
Employee Count
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Products & Services of Algoface
Algoface offers a comprehensive portfolio of products and services, including 2D Facial Landmark Tracker, 3D Face Mesh, Face Redaction, and Virtual Try On. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Detects facial landmarks for ethical AI applications in tracking.
Generates 3D face models for privacy-focused visual analysis.
Redacts faces in images to protect user identities securely.
Enables virtual product trials without storing personal data.
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Funding Insights of Algoface
Algoface has successfully raised a total of $25K across 4 strategic funding rounds. The most recent funding activity was a Grant round of $275 thousand completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $274,996
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First Round
First Round
(06 Aug 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Grant - Algoface | Valuation |
investors |
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| Feb, 2024 | Amount | Grant - Algoface | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - Algoface | Valuation | Band of Angels |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Algoface
Algoface has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Arizona Commerce Authority, National Science Foundation and Band of Angels. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Angel investing in high-tech and life science startups since 1994.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location | |
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Economic development services are provided to businesses in Arizona.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Algoface
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Algoface
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algoface Comparisons
Competitors of Algoface
Algoface operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Perfect Corp, Revieve, Banuba, Makeover Solutions and InkHunter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI and AR-based virtual makeup application solutions
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| domain | founded_year | HQ Location |
Personalized skincare recommendations are provided using AI analysis.
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| domain | founded_year | HQ Location |
Augmented reality content creation tools are provided using machine learning.
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| domain | founded_year | HQ Location |
Web-based virtual makeovers are provided for beauty-focused online communities.
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| domain | founded_year | HQ Location |
Creates innovative augmented reality apps for tattoo design and visualization.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algoface
Frequently Asked Questions about Algoface
When was Algoface founded?
Algoface was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Algoface located?
Algoface is headquartered in Carefree, United States. It is registered at Carefree, Arizona, United States.
Who is the current CEO of Algoface?
Andrew Bart is the current CEO of Algoface. They have also founded this company.
Is Algoface a funded company?
Algoface is a funded company, having raised a total of $25K across 4 funding rounds to date.
What does Algoface do?
Founded in 2018 and based in Carefree, United States, Algoface operates in the augmented reality sector for cosmetics. An AR-based application is offered to enable retailers to deliver virtual makeup try-on experiences to customers. Real-time AI facial landmark tracking is utilized for personalization, while a facial attribute analyzer classifies traits. The solution is accessible via web, mobile, and virtual mirror platforms.
Who are the top competitors of Algoface?
Algoface's top competitors include Perfect Corp, Banuba and Revieve.
What products or services does Algoface offer?
Algoface offers 2D Facial Landmark Tracker, 3D Face Mesh, Face Redaction, and Virtual Try On.
Who are Algoface's investors?
Algoface has 3 investors. Key investors include Arizona Commerce Authority, National Science Foundation, and Band of Angels.
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