The multinational semiconductor manufacturer with its headquarters in Austria, ams, has announced that it will be acquiring facial recognition software leader KeyLemon based in Martigny. The transaction is expected to close within six weeks.
KeyLemon is focused on developing biometric software and has built up extensive experience in facial recognition over many years. It is well-known in the industry for its strong IP portfolio in 3D face recognition, based on which it has developed a robust, fully functional implementation of 3D face recognition for mobile phones that achieves high levels of performance and security.
AMS will leverage KeyLemon’s IP to develop 3D face recognition solutions for smartphones, consumer devices and additional future applications with first solutions to be introduced already in 2018.By combining KeyLemon’s leading face recognition software IP with ams’ 3D technology and system expertise ams offers OEMs an accelerated path to high quality 3D face recognition in smartphones and other devices.
The transaction is expected to close within 45 days. Details about the acquisition will be kept confidentially between the two companies. Investors of KeyLemon included Debiopharm and Swisscom Ventures.
(Press Release/ SOK)
(Picture: Pixabay)
The multinational semiconductor manufacturer with its headquarters in Austria, ams, has announced that it will be acquiring facial recognition software leader KeyLemon based in Martigny. The transaction is expected to close within six weeks.
The new Swiss Venture Capital Report was published on 26 January. It analyses 304 financing rounds closed in 2020 and includes further article such as an interview with Michael Hengartner, President of the ETH Board, and a list of Swiss "soonicorns". 
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