# Eyedentify Systems Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eyedentify-systems-private

- Industry: Software
- Headquarters: Hyderabad, India
- Website: www.eyedentify.ai
- Total disclosed funding: $0.1M
- Latest round: Seed (Jul 29, 2019)
- Investors on record: 1

## About

Eyedentify Systems Private Limited is an innovative company specializing in advanced AI solutions for identification and verification. Their technology enhances security across diverse sectors, improving client transaction efficiency and customer experience.Eyedentify Systems Private Limited, founded in 2016 in Hyderabad, India, focuses on AI-driven solutions for identity verification. The company was established by Rajashree Jasti, who has a history of entrepreneurship. They have secured investments through two funding rounds, including a Seed round that raised INR 6.870 mn from Brinc, bringing their total funding to INR 6.870 mn and current valuation to INR 90.915 mn.Eyedentify.ai provides advanced artificial intelligence solutions tailored to improve identification and verification processes. Their flagship product utilizes sophisticated AI algorithms for accurate identification in various sectors, including security, retail, and customer service. The company serves a diverse clientele, including security firms, e-commerce platforms, and financial institutions, with a focus on North America, Europe, and parts of Asia, addressing unique market needs to enhance operational efficiency.In the fiscal year 2023, Eyedentify.ai reported a revenue of INR 49,205.9 mn, with an EBITDA of INR 24,292.5 mn. Their revenue model is based on subscription services, allowing clients to access AI-powered identification solutions on a recurring basis, facilitating predictable revenue streams through tiered subscription plans that cater to various operational requirements.Eyedentify.ai aims to expand its product offerings by launching new AI solutions targeting enhanced identity verification processes. The company is exploring entry into new geographic markets, particularly in Southeast Asia and Europe, with plans for rollout by the end of 2024. The recent Seed funding of INR 6.870 mn will be utilized to support product development and market expansion initiatives.

## Funding rounds

- Seed, Jul 29, 2019, $0.1M — Brinc

## Investors

- Brinc (https://capitalatlas.ai/funds/brinc) — Seed