facial recognition Startups
2 case studies with real revenue and traction data from facial recognition startups.
Jumeo is a SaaS platform providing trusted identity verification services (ID verification, identity verification, and document verification) primarily for merchants in the sharing economy, fintech, and online gaming sectors. Founded in 2013 and led by CEO Stephen Stude since 2015, the company has raised $60 million and serves 350-400 customers across 40 countries with a 1,500-person team. Growing 46% year-over-year, Jumeo processed 26 million identity verifications in 2016 and is on track to exceed 30 million in 2017.
Boost Insider is a SaaS platform founded by serial entrepreneur Heidi Yu in late 2014 that helps brands identify and work with influencers through advanced data analysis of 350,000+ influencers covering 20 billion fans globally. The company operates multiple revenue streams including a SaaS product (Social Book, Social Hours), advertising platform (10-30% take), and agency services, generating over $500k monthly in total revenue with the new SaaS model at approximately $50k MRR as of December 2017.