Israeli startup D-ID has raised over $13.5 million in its Round A fundraising — led by AXA Venture Partners.
Other investors in the round included Pitango Venture Capital, Y-Combinator, AI Alliance, Hyundai Motor Company, OMRON Ventures, Maverick Ventures (U.S.), Mindset Ventures and Redds Capital.
D-ID plans to use 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.
D-ID provides privacy solutions to enterprises who record or photograph individuals. Their proprietary software removes key biometric data from pictures and videos while preserving key attributes such as age, gender and emotion.
The company’s photoprotection and video anonymization solutions ensure the privacy of individuals caught on film or camera and allows organizations to store the media without risking heavy fines.
“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.
D-ID was formed by Gil Perry, Sella Blondheim, and Eliran Kuta, veterans of Israel’s elite 8200 intelligence units.
D-ID’s IP-protected solutions are being implemented in leading fortune 500 companies and institutions worldwide.