Titanium Group secures $1.45 million in funding
Facial recognition company, known for its efforts on Hong Kong, gets its first cash infusion since commercialization
Hip hip hooray for the Titanium Group, the wholly-owned subsidiary of Hong Kong and San Jose-based Titanium Technology. The company is well-known for its facial recognition software — especially in Hong Kong, where it is deployed to guard the border crossing with China and also to protect hundreds of buildings owned by the the island’s Housing Authority. And it has also earned applause from Deloitte’s, finding impressive places on such published lists of “Technology Fast 50 in China,” and “Technology Fast 500 in Asia Pacific.” Praise, however, does not pay the bills, so it is fortunate that the company announced this week that it had completed a $1.45 million round of financing — its first cash injection since commercializing its particular technological advancement. With 234 percent growth over the last three years, the company intends to use the fresh funds to help expand its sales operation and global presence.
