Luxembourg-based fund invests in facial recognition firm XRVision

XRVision is led by former heads in Microsoft, Intel, and Avaya.

Deal Street Asia reports that Luxembourg-based tech fund Boundary Holding has invested in Singapore-based facial recognition and video analytics company XRVision. No financial details of the deal were disclosed.

XRVision, which specialises in security solutions, has offices in Singapore, Israel, and the US. The company is led by former heads at Microsoft, Intel, and Avaya.

Boundary Holding is a fund that promotes entrepreneurship and invests in early stage/seed stage startups across Internet of Things (IoT), algorithmic trading, artificial intelligence, and big data analytics.

The company has a network of startup programs around the world and over US$200m in committed capital across different organisations all over the world.

Read the full report here.

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