Kairos Secures $4 Million Investment to Continue Growing Its Industry-Leading Face Recognition AI Technology
The Kairos Team Also Appointed Miami Native Melissa Doval as CEO, Who Will Utilize Her Cross-Industry Expertise to Advance the Company’s Mission
MIAMI (February 19, 2019) —Kairos, a leading face-recognition AI company with an ethical approach to identity, today announced a $4 million investment from E. Jay Saunders, Chairman and CEO of Domus Semo Sancus (DSS), a Turks & Caicos Islands regulation technology (RegTech) company. DSS’ investment brings Kairos’ total funding to date to $17 million and will help the company continue innovating at the vanguard of face-recognition technology.
Additionally, Kairos installed Melissa Doval as its CEO, a Miami native with nearly 20 years of experience scaling elite businesses. After serving as the brand’s CFO and, more recently, as Interim CEO for the past six months, she possesses a deep knowledge regarding its operations and team. Ms. Doval’s unique leadership style reflects her passion for tackling the biases in AI. With her proven expertise in building and improving companies, Kairos will continue thriving in Miami by finding new, ethical uses for its industry-leading, face-recognition AI. To support Kairos’ senior management team E. Jay Saunders has assumed the role of Executive Chairman of the Board.
“Working with teams I trust at companies I believe in, is incredibly important to me, and Mel’s unwavering leadership of Kairos is the perfect example,” said Mr. Saunders. “The startup’s enduring dedication to both innovation and ethics in technology makes the Miami business community proud and drives the city’s tech sector forward.”
“I have always admired Kairos and its visionary work in pushing face-recognition technology beyond law-enforcement uses, while also ensuring its applications fall under self-imposed, ethical standards,” said Ms. Doval. “I’m especially proud to be leading our company’s dynamic team in my beloved hometown, as well as our innovative R&D team in Singapore, and look forward to making this inspiring brand even stronger.”
Kairos’ face-recognition AI creates safer, more accessible customer experiences across industries, including fintech, retail, cybersecurity, digital asset management, and human-capital management. Much of the company’s team has been working at Kairos since its launch in 2012, and takes great pride in advancing face-recognition technology by serving people of all backgrounds, regardless of age, gender, and ethnicity. As a minority-owned and minority-led business with a diverse staff, Kairos will always search for ways to better serve its users.
To learn more about Kairos and its leading face-recognition technology, please visit Kairos.com, read recent developments on its blog, and follow its social media channels (Twitter, LinkedIn),and Medium
About Domus Semo Sancus (DSS)
Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders in November 2014, is a RegTech company that is building tools to encourage financial inclusion and bridge the e-commerce divide. SafetyNet.ai is DSS’ award-winning enhanced due diligence (EDD), cognitive search, and crime-prevention tool. It helps companies comply with KYC and AML rules and regulations by utilizing an artificial-intelligence engine to help companies spot and mitigate risks before they become threats. SafetyNet.ai is cloud-based and is offered in the following subscriptions: Lite, EDD, EDD Enterprise, Safe City, and Developer.
About Melissa Doval
Melissa Doval has nearly 20 years of experience as a highly successful leader with expertise in finance, accounting, human resources, business strategy, and technology. She uses her passion for entrepreneurship and technology to build and develop companies from the ground up. After beginning her career in 2001 as a CPA with Kaufman, Rossin & Co., Ms. Doval worked for top companies such as World Fuel Services (NYSE), Live Nation (NYSE), and MTN Satellite Communications, before taking the role of CFO for The Recon Group, Inc. Throughout her career, Ms. Doval has seized challenging roles and achieved success. Born to Cuban immigrants and raised in Miami, she has strong ties to the community through charitable organizations and her other work with minority and women led businesses.
Kairos is a leading face-recognition AI company with an ethical approach to identity, that reflects our globally diverse communities. Through computer vision and deep learning, Kairos can recognize faces in videos, photos, and the real world — Kairos’ innovative API platform simplifies how developers and businesses integrate human identity into their software. Founded in 2012 and headquartered in Miami with offices in Singapore, Kairos is a venture-backed organization with customers all over the world.
Moon Vitiello, Carve Communications for Kairos