Kayne Partners Fund has partnered with Airborne Biometrics Group (FaceFirst). Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, a USD15 billion alternative investment firm.
This investment in FaceFirst is Kayne Partners’ third investment in the last two months.
Founded in 2007, FaceFirst has developed an innovative technology providing government grade, real-time facial recognition wrapped into a turnkey package that can be deployed across a wide array of industries and end uses, including airport security, retail theft deterrence, VIP customer recognition, and counterterrorism.
FaceFirst’s technology can process millions of facial comparisons per second at the lowest error rate in the
industry. The system can be linked to existing image databases for identification and can send automated graphical alerts to human operators to make final determination. FaceFirst aims to be at the forefront of the next generation of facial recognition, an industry projected to grow over 30% per annum.
“FaceFirst is excited to have the support of Kayne Partners Fund. We have built an infinitely scalable Face Recognition platform, which is enabling quick penetration into the surveillance market. Kayne Anderson’s support is enabling us to rapidly develop our capabilities and expand our world-class team,“ says Joe Rosenkrantz, Chief Executive Officer of FaceFirst.
“Kayne Partners has a strong track record of partnering with leading, high growth companies, and we are excited about our partnership with FaceFirst and the FaceFirst management team," says Doyl Burkett, a Partner of Kayne Partners Fund. "We believe that facial recognition technology will continue to be adopted by enterprises, governments, and other organizations globally, and FaceFirst is positioned extremely well to take advantage of this proliferation. We continue to be impressed by Joe, the FaceFirst management team, and the clients the company has secured at such an early stage in its growth trajectory."