Israeli facial-recognition technology company Face.com officially announced that it has been acquired by Facebook. Financial details were not disclosed by both companies, but according to estimates – the deal was made for approximately $100 million. Face.com was founded in 2007 in Tel Aviv, providing advanced facial recognition technology for photos loaded onto websites and via mobile applications. To date, Face.com has raised $5.3 million.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Israeli Startup Rings Closing Bell At Nasdaq in NYC
March 28, 2024
Israeli, US Companies Unite To Make More Milk From Mushrooms
March 27, 2024
Facebook comments