D-ID raises $13.5M to grow its sales and marketing activities

2020-05-27 23:00

D-ID plans to direct the funds to grow its sales and marketing activities, as well as continue to invest in R&D. "Raising this level of investor interest during a period of economic uncertainty speaks to the need our solutions fill," said Sella Blondheim, COO and co-founder at D-ID. "The convergence of increased surveillance and individual privacy protection places enterprises in a position where they must either anonymize their stored footage or risk violating privacy laws and face costly penalties."

D-ID provides privacy solutions to enterprises who record or photograph individuals.

While the pandemic has certainly hurt numerous industries, it has highlighted the need for privacy-enhancing technologies like those of D-ID. "Protection against surveillance is one of the most sought-after ideas of the 21st century, and we look forward to seeing D-ID fill a glaring gap in the marketplace," said Rami Kalish General Managing Partner & Co-Founder at Pitango Venture Capital.

"We have been impressed by the quality of the team at D-ID and they have created a product to safeguard that biometric data, which will go a long way in protecting these companies across the globe".

D-ID's IP-protected solutions are being successfully implemented in leading fortune 500 companies and institutions worldwide.

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