# Tascent

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tascent

- Industry: Hardware
- Headquarters: Los Gatos, US
- Website: www.tascent.com
- Total disclosed funding: $38M
- Latest round: Series B (Jun 27, 2018)
- Investors on record: 3

## About

Tascent, Inc. is a US-based company specializing in advanced biometric solutions and identity verification technologies, streamlining processes for businesses and governments alike.Founded in 2014 and headquartered in Los Gatos, US, Tascent, Inc. focuses on biometric technology. The company has not reported any significant changes in its business strategy or operation structure. Alastair Partington, the CEO and founder, has a history in the technology sector, although specific prior ventures are not documented. Tascent, Inc. has completed 3 deals, with its latest funding round being a Series B, through which it raised USD 19.50 mn from investors including Min Aik Technology Co., Ltd., NEC Corporation, and Tano Capital. The total amount raised by the company now stands at USD 19.50 mn, with a current company valuation of USD 98.73 mn.Tascent, Inc. provides a suite of biometric solutions focused on enhancing identity verification processes for businesses and governmental organizations. Their offerings include advanced facial recognition and iris scanning technologies designed to improve security and user experience. The solutions cater to various sectors, with a particular emphasis on applications in travel, security, and access management, targeting clients primarily in North America and Europe.Tascent, Inc. generates revenue through a subscription-based model for its biometric services, allowing clients to pay monthly or annually for access to cutting-edge technology. This model enables consistent cash flow and fosters ongoing relationships with customers. Additional revenue can come from specific service enhancements tailored to meet individual client needs, with pricing structures designed to accommodate a range of business sizes from startups to large enterprises.Tascent, Inc. aims to expand its product line by developing new biometric solutions, with future releases aimed at enhancing facial recognition capabilities expected by the end of the next fiscal year. The company plans to enter new geographic markets, specifically targeting regions in Asia and the Middle East by 2025. Recent funding will be allocated to support these initiatives, particularly in product development and market entry strategies, ensuring Tascent can enhance its offerings and capture a broader customer base.

## Funding rounds

- Series B, Jun 27, 2018, $20M — NEC Corporation, Tano Capital, Min Aik Technology Co., Ltd.
- Series A, Sep 17, 2015, $19M — Tano Capital

## Investors

- Tano Capital (https://capitalatlas.ai/funds/tano-capital) — Series A, Series B
- NEC Corporation — Series B
- Min Aik Technology Co., Ltd. — Series B