Alcatraz, the US-Bulgarian company for autonomous access control that uses 3D facial authentication and AI to create safe spaces, raises a $25M Series A round.
The round was led by Almaz Capital and included The European Bank for Reconstruction and Development (EBRD), Endeavor Catalyst, Silverline Capital, and Golden Seeds, along with participation from existing investors JCI Ventures (the corporate venture arm of Johnson Controls), Ray Stata, LDV Partners, and Bulgarian angel investors.
Alcatraz AI will use the investment to accelerate international growth, expand its software engineering team in Sofia by about 20-30%, hire more sales and marketing talent, and focus on optimizing its product for new use cases.
