With $5M, FST21 America wants to up U.S. distribution
SOUTHBOROUGH, Mass.—Biometric security company FST21 America has raised $5 million for facial- and voice-recognition surveillance systems, and hopes to use the money to increase distribution in the United States, various news organizations report.
FST21, headquartered in Rishon Lezion, Israel, has a local office in the U.S., where it is already selling security products it says combine security and convenience. Security Director News recently reported on the installation of the FST21 SafeRise access-control system in New York’s famed Knickerbocker Village. That system recognizes human faces, analyzes behavior and can greet building residents in a variety of languages.
Aharon Zeevi Farkash founded FST21 in 2007. Israeli-based seed and early-stage fund L.V. Holdings led the fundraising round, but other investors also made contributions.