Kairos Closes $1.2M Series A Round

Kairos, a Miami facial recognition startup, closed a $1.2M Series A funding round from New World Angels, Florida Angel Nexus, venVelo, Innovision Ventures, True Venture Innovations, and Lyonsden Investments. Brian Brackeen, founder and CEO who works out of The LAB Miami in Wynwood, said the company plans to use the funding to rebuild its website, implement its go-to-market strategy globally and grow the company to more than 40 employees by the end of this year. Already, more than 300 enterprise companies with 17,000 employees use its products. Brackeen graduated from the The LAB Miami in 2012. Kairos, founded in 2010, received $500K in seed funding in  2012, bringing its total funding to $1.7M. The company in 2012 launched its first product, Kairos TimeClock, which uses facial recognition to clock employees into work, thus eliminating “buddy punching” and saving companies about 6 percent on their payrolls. The company currently has about 14 employees, almost all of them based in Miami. Read more here.

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