Key Takeaways:
- Innovative Border Security: Travizory, a Swiss SaaS company, secures significant funding for its AI-powered border control technology.
- Global Expansion: With a strong foundation in various regions, Travizory aims to scale its platforms and enhance its international presence.
- Efficiency and Security: The Seychelles Government’s use of Travizory’s system has led to a dramatic reduction in passenger processing times and improved security.
A Leap in Border Control Technology
Travizory Border Security SA, a Swiss-based leader in artificial intelligence-powered border control technology, has recently concluded a substantial funding round. Founded in 2019, this Software as a Service (SaaS) company has not disclosed its valuation for this raise but has signaled a new phase in its journey to redefine border security worldwide.
Digitizing Border Control
Travizory is at the forefront of digitizing border control processes. Their pioneering vision to enable secure travel without physical passports has captured significant attention and backing from industry heavyweights. UK-based venture capital firm BACKED, renowned for its “human-centric” investment approach, is among the key investors propelling Travizory’s mission.
Strategic Expansion and Partnerships
This latest funding milestone aligns with the launch of multiple new partnerships planned for Q1 2024. Travizory has already seen successful implementations across East Africa, the Indian Ocean, Asia-Pacific, and South America. The company now intends to leverage this investment to further scale its border security platforms and expand its global footprint.
A Success Story: The Government of Seychelles
A notable example of Travizory’s impact is its collaboration with the Government of Seychelles. Since 2020, the Seychelles has utilized Travizory’s comprehensive modular border security portfolio. The adoption of electronic Travel Authorization, Advance Passenger Information systems, and facial biometrics at Seychelles Airport has led to an 84% reduction in passenger processing times. The introduction of a biometric corridor has significantly enhanced the efficiency and security of Seychelles International Airport, leading to its first-ever Level 1 ACI Accreditation.
Industry Acclaim and Confidence
Andre de Haes, co-founder and Managing Director of BACKED, commended Travizory’s innovative platform, stating, “The interest from potential customers is impressive, and we are confident that Travizory will significantly expand its global presence in the coming year.” This sentiment reflects a broader industry confidence in Travizory’s potential to transform international travel.
Leadership and Vision
Renaud Irminger, co-founder, and CEO of Travizory, expressed immense pride in the successful completion of this growth funding round. “The addition of BACKED to this group is particularly exciting,” said Irminger, emphasizing the company’s unwavering commitment to eliminating queues and paper-based processes at border crossings, while exponentially enhancing security.
About Travizory Border Security
Travizory is a company formed by industry veterans focused on innovative identity management in travel and border security. Its Visitor Management Platform and market-leading solutions equip governments with digital tools to modernize and secure borders, reducing wait times for travelers.
About Travizory’s Founders
Renaud Irminger, with over 25 years in travel and border security, has been instrumental in bringing innovative solutions to the air travel industry. His leadership in the IATA OneID initiative is just one example of his impact on the sector.
About Backed
BACKED, the human-centric seed fund based in London, has been investing in next-generation sectors since 2016. Co-founded by Andre de Haes and Alex Brunicki, BACKED focuses on biotech, blockchain, fintech, and advanced manufacturing, building a scalable platform through community focus and active management.
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