VisionLabs

VisionLabs develops advanced facial recognition solutions that enhance digital identity experiences across various sectors, including retail and security. Their technology aims to improve customer interaction and security measures for enterprises worldwide. Founded in 2012 and headquartered in Amsterdam, Netherlands, VisionLabs specializes in facial recognition technology. The company was founded by Alexey Nekhaev.

In December 2021, Mobile Telesystems acquired a 100% stake in VisionLabs for RUB 7000 million. The company has been involved in three investment deals to date, with the latest round being a Trade Sale that raised RUB 7000 million. VisionLabs specializes in advanced facial recognition technology designed to enhance digital identity experiences across various industries. The company's core offerings include the LUNA SDK, a robust face recognition engine that processes images and live video streams efficiently, and the LUNA PLATFORM, a biometric data management system that facilitates the creation of complex integrated face recognition scenarios.

Additionally, their hardware solutions, such as the LUNA POS Terminal, support traditional payment methods alongside biometric transaction authorizations, while the LUNA ACE device enhances third-party access control systems by integrating facial recognition capabilities. VisionLabs serves a diverse client base, utilizing its technology in over 60 countries, particularly within the retail, security, transportation, and financial services sectors. VisionLabs generates revenue through a combination of software licensing, hardware sales, and partnerships, focusing on B2B transactions with enterprises across multiple sectors. Clients engage with the company through custom agreements that may include subscriptions for software services or one-time purchases for hardware solutions.

Flagship products such as the LUNA SDK and LUNA POS Terminal are central to the company’s offerings, providing essential tools for enhancing security and customer interaction. The pricing structure accommodates clients' varying needs, allowing for scalable solutions that cater to both small businesses and large corporations. Revenue is derived from direct sales to clients and through reseller partnerships within the technology and security industries. Following the acquisition in December 2021, VisionLabs is set to leverage the support of Mobile Telesystems to enhance its product offerings and expand its market presence.

Plans include the development of new products aimed at improving biometric security solutions and expanding into North America and Asia-Pacific by 2023. The recent funding will be utilized to support these initiatives, aiming to enhance their technological capabilities and cater to a growing client base in diverse markets.