Kairos, a technology design company in Miami, recently announced that it has closed $500,000 in seed funding to help complete the development and launch of its facial recognition TimeClock software for large and medium enterprises.
Kairos believes its patent pending approach to facial recognition can help employers significantly control payroll costs, by eliminating “buddy punching.” The company says it has just launched its beta and signed up 51 store supermarkets, one hospital and various consulting firms.
The team plans to also use the recent funding to expand its team both in Miami and at its office space at Google Campus in London, where the rest of the development team is located. Kairos co-founder Brian Brackeen, pictured at right, told me that the funding allows the company to add more talent to the team, which now includes 19 people. “We are looking to move our company to Miami. I am currently based here. We have 19 employees so we are looking to grow and expand in Miami and bring some great tech jobs.”
Funding was raised from Christopher Alden, CEO of Burgeon Consulting; Jeremiah Tolbert, AIA-Principal at Tolbert Design Architects, Neil Shah, CEO of the WFC Group in addition to five other investors including an angel investor in Silicon Valley.
Amanda McClure and Brackeen co-founded Kairos in 2010. They are both Spring 2012 graduates from the Google supported NewME accelerator program, a residential technology start-up accelerator/incubator in San Francisco for businesses that are led by under-represented minorities in the technology industry.
What else is going on in the South Florida startup scene? Please keep me posted on the news -- email ndahlberg@miamiherald.com or tweet @ndahlberg.