Alcatraz Raises $50M in Series B Funding


Alcatraz, a Cupertino, CA-based provider of an AI-powered physical access control system, raised $50M in Series B funding.


The round was led by BlackPeak Capital, Cogito Capital, and Taiwania Capital, with participation from existing investors Almaz Capital, EBRD, Ray Stata, and others.

The raise brought the total amount to $100M.


The company intends to use the funds to expand into new verticals, international markets, and grow its team.


Founded by Vince Gaydarzhiev in 2016, and led by CEO Tina D’Agostin, Alcatraz is an AI-powered physical access control company developing the Rock, a solution that replaces badge-based and legacy biometric security with fully anonymized facial authentication.

Customers include AI data centers, major U.S. airports, energy companies, NFL teams, major universities, and Fortune 100 companies.


source[FinSMEs]