Mobai secures $2.8M in seed funding for more secure face biometrics

Norway-based facial recognition and biometric face verification provider Mobai announced on LinkedIn that it has secured 30 million Norwegian kroner (roughly US$2.8 million) in an oversubscribed seed financing round.

Investors participating include sustainability focused investment firm TD Veen, former Google and Twitter executive Patrick Pichette, and Oslo consultancy Protonic Partners, who also posted on LinkedIn about the investment.

“The cost of cybercrime is estimated at US$8 trillion in 2023 alone, and 93 percent of breaches are due to …

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