PXL Vision from Zurich has closed a successful seed financing round and raised a total of 4.6 million Swiss francs in the process, as detailed in an article on venturelab. The financing round was led by SIX Fintech Ventures, with the Cantonal Bank of Zurich (ZKB), the seed investor HTGF, Arab Bank in addition to the business angels Beat Schillig and David Studer also all involved in the process as well.
PXL Vision offers service providers a simple and secure process to verify digital identities. To start with, the front and back of an identity document is scanned. Together with a short video selfie, the scanned images are uploaded to a certified Swiss server. The system verifies within seconds whether a human is actually in front of the camera and whether this person corresponds with the document images with the help of Artificial Intelligence.
The PXL Vision solution is already being used by companies such as UPC, Sunrise, Salt and ZKB. The start-up is planning to use this fresh injection of capital to secure international growth. PXL Vision was founded around three years ago as a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH).
