Verifyfaces
Regulation Crowdfunding offering on Republic (OpenDeal Portal)
$195,454
of $1.24M goal
15.8% funded
About the offering
Verifyfaces is a face matching platform that integrates with existing IP camera and CCTV systems to transform reactive surveillance into proactive security with automated alerts, analytics, and reporting. The company claims to be the world's first face matching platform integrated with 911 services and positions itself as breaking the cost barrier that has historically limited enterprise-grade facial recognition to large government and institutional clients. The company is pre-revenue, with its first commercial deployment through Eagle Eye Networks commencing in February 2026.The ProblemEnterprise-level facial recognition and biometric security has historically required customized network design for each site, large on-site server capacity or cloud operations, and sometimes proprietary cameras. These systems are built and priced for government and institutional clients with extensive ongoing contractual arrangements, making them cost-prohibitive for the majority of small and medium enterprises. The result is an oligopoly where meaningful security technology is inaccessible to most organizations, leaving communities, schools, retail establishments, and smaller institutions without proactive security capabilities.The SolutionVerifyfaces integrates with existing CCTV and IP camera systems, eliminating the need for specialized IT infrastructure and proprietary hardware. The platform transforms reactive camera systems requiring constant human monitoring into proactive solutions with automated email and SMS alerts, analytics, reporting, and integration options. The company claims its edge-based architecture is scalable beyond the limitations of cloud or AI systems, and that the underlying algorithm has been tried and tested in the field for 40+ years. The platform costs up to 80% less than competing solutions. Applications include locating missing persons, enforcing restraining orders, reducing child trafficking, reducing gun violence, and monitoring public safety. The company is the first technology of its kind to be integrated with 911 services.Business ModelVerifyfaces operates a B2B SaaS model sold through an outsourced reseller network. Revenue streams include subscription-based platform access, platform integration and white-labeling for AI vendors, video management system (VMS) providers, and camera manufacturers. At ISC West 2025, leading industry players including IONODES and Eagle Eye Networks held in-depth discussions on integrating Verifyfaces into their platforms. Eagle Eye Networks, backed by major industry investors, selected Verifyfaces from a competitive field as their global technology partner for face matching.TractionThe company has active trials and deployments in the US, Africa, the Middle East, and South America. Eagle Eye Networks selected Verifyfaces as its global technology partner for face matching. IONODES announced Verifyfaces as a new technology partner in March 2025. The company confirmed in the Republic discussion that its first commercial deployment with Eagle Eye Networks commenced on February 19, 2026, marking the beginning of revenue generation, with two additional global deployments scheduled within three months. The company is currently pre-revenue. The underlying face matching algorithm has been in development and field testing for 40+ years, originally through a predecessor entity (4238542 Pty Ltd), with all IP subsequently transferred to Verify Faces Inc.Market OpportunityThe company targets customers across all industries and organizations, both public and private, including retail, logistics, industrial, government, entertainment, and law enforcement. The growth driver is unmet demand for enterprise-level security without the financial and operational barriers that have historically restricted access. The global video surveillance and facial recognition markets are multi-billion-dollar categories with strong growth driven by security concerns, smart city initiatives, and regulatory requirements.TeamChairman Norm Hilton was a senior audit and financial consulting partner at KPMG, including three years in the Los Angeles and Montreal offices. He is responsible for governance and financial planning and conducted two independent valuations of the company. Founder and CEO Michael Doherty is a lifelong entrepreneur with extensive business experience in agriculture, aquaculture, satellite communications, and hospitality across the UK, South America, Fiji, and Australia. He is responsible for strategic direction and marketing. CTO Richard Krupa has been involved with Verifyfaces from inception and was previously lead designer on PharmX Pharmaceutical Gateway, acknowledged as one of the best of its kind in multiple countries. He is responsible for software development. Managing Director David Rod is a lawyer and entrepreneur with 40+ years in legal practice and business development. Director Carina Fraser is a lawyer with 12+ years experience in legal counsel and business operations. The company has 12 employees.
FAQ
How much has Verifyfaces raised?
Verifyfaces has raised $195,454 of a $1.24M goal.
Where is Verifyfaces's campaign listed?
The offering is listed on Republic (OpenDeal Portal), an SEC-registered Reg CF intermediary.
What are the terms of Verifyfaces's raise?
SAFE, $34.85M cap.
When does Verifyfaces's offering close?
The stated close date is Mar 2, 2026.
