HID Global reports it has invested in Paravision, a developer of computer vision software used by security device manufacturers, solution providers, systems integrators and financial services firms to deliver frictionless access control.
HID said the investment aligns with HID Global’s strategic direction to embed facial recognition into solutions for a seamless and highly secure user experience in a variety of identity verification and authentication applications, including access control.
“In partnership, HID and Paravision have already cooperated on projects and we look forward to further advancing our collaboration across a number of different markets and use cases,” said HID’s Björn Lidefelt.
The strategic investment aims to accelerate the development of HID’s biometric solutions that leverage facial recognition algorithms Paravision has proven through successful deployments with high-profile customers.
“We are excited to receive this financial investment from HID Global and to embark on mutual growth opportunities,” says Doug Aley, CEO of Paravision. “We look forward to working together in pursuit of new business, channel, sales and market opportunities.”
According to Aley, Paravision is the only American company to rank in the top 10 in over 50 accuracy benchmarks across the 1:1 and 1:N NIST Face Recognition Vendor Tests, including top 3 global performance on demanding at-scale requirements.
In 2020 Paravision’s biometric facial recognition was been found to have the second-best accuracy for identifying people with masks among algorithms tested by the U.S. National Institute of Standards and Technology (NIST) in a Face Recognition Vendor Test (FRVT) with error rates below 3 percent when the subject’s nose and mouth are covered.
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