PXL Vision secures CHF 4.6 million seed financing

20.05.2020 10:33, Gianmaria Sbetta

ETH spin-off PXL Vision has developed an AI-based software platform to deliver secure, automated identity verification. The company has now received CHF 4.6 million in a seed financing round to expand its technology and grow internationally. The financing round was led by SIX Fintech Ventures. Other investors include ZKB, High-Tech Gründerfonds, Arab Bank and the experienced business angels Beat Schillig and David Studer.

PXL Vision has developed a digital KYC verification platform that offers a great deal of flexibility to its business customers and is highly modular, compared to competitor products. The platform uses Artificial Intelligence in order to verify an identity document in real-time by using the smartphone camera and to confirm the user identity via a liveness check and a face comparison with a video selfie, all with minimal user interaction. Alongside SwissID, the leading Swiss identity provider, several large companies such as Sunrise, Salt, UPC, and ZKB rely on PXL Vision’s technology. There are many application fields: from closing a mobile phone contract online, regardless of location, to opening bank accounts electronically within a few minutes, such as with ZKB's Frankly app for pension savings.



Since its foundation three years ago, PXL Vision has established itself in the Swiss market. The team has grown from four to over forty employees, and PXL Vision has been recognized with important entrepreneurial prizes such as the TOP 100 Swiss Startup Award and the Swisscom Startup Challenge 2019. "Being recognized with the Swiss Economic Award and the jump into the TOP 100 Swiss Startup Award 2019 helped us gain visibility and credibility with customers and investors and served us well in securing the financing round," said Karim Nemr, founder and CBO of PXL Vision.

Source: (PXL Vision)