INSUBCONTINENT EXCLUSIVE:
Kairos, the face recognition technology used for brand marketing, has announced the acquisition of EmotionReader.EmotionReader is a
Limerick, Ireland-based startup that uses algorithms to analyze facial expressions around video content
The startup allows brands and marketers to measure viewers emotional response to video, analyze viewer response via an analytics dashboard,
and make different decisions around media spend based on viewer response.The acquisition makes sense considering that Kairos core business
is focused on facial identification for enterprise clients
Knowing who someone is, paired with how they feel about your content, is a powerful tool for brands and marketers.The idea for Kairos
started when founder Brian Brackeen was making HR time-clocking systems for Apple
People were cheating the system, so he decided to implement facial recognition to ensure that employees were actually clocking in and out
when they said they were.That premise spun out into Kairos, and Brackeen soon realized that facial identification as a service was much more
powerful than any niche time clocking service.But Brackeen is very cautious with the technology Kairos has built.While Kairos aims to make
facial recognition technology (and all the powerful insights that come with it) accessible and available to all businesses, Brackeen has
been very clear about the fact that Kairos isn''t interested in selling this technology to government agencies.Brackeen recently contributed
a post right here on TechCrunch outlining the various reasons why governments aren''t ready for this type of technology
Alongside the outstanding invasion of personal privacy, there are also serious issues around bias against people of color.From the
post:There is no place in America for facial recognition that supports false arrests and murder
In a social climate wracked with protests and angst around disproportionate prison populations and police misconduct, engaging software that
is clearly not ready for civil use in law enforcement activities does not serve citizens, and will only lead to further unrest.As part of
the deal, EmotionReader CTO Dr
Stephen Moore will run Kairos& new Singapore-based RD center, allowing for upcoming APAC expansion.Kairos has raised approximately $8
million from investors New World Angels, Kapor Capital, 500 Startups, Backstage Capital, Morgan Stanley, Caerus Ventures, and Florida
Institute, and is now closing on its $30 million crowd sale.
