New World Angels announced this week that it has invested $347,500 into a planned $2 million Series B round of Miami-based Kairos.
The round is aimed at funding Kairos’ continued expansion of its human analytics SaaS platform. Combining facial recognition with emotion analysis and demographic information, Kairos provides developers the building blocks to add the benefits of facial analysis to any product, app or service, helping businesses solve security, marketing and other challenges.
“We are grateful to New World Angels for their on-going support through funding and business advice," said Kairos CEO and founder Brian Brackeen in a news release. "We are excited to have their additional support to expand our product and marketing efforts to build Kairos into a leading supplier of human analytics to retailers, advertisers, consumer marketers, as well as security, healthcare and mobile workforce providers.”
NWA President and Kairos Board member Steve O’Hara added: “Since its pivot from a single payroll product to a provider of facial recognition, demographic and emotion analytic API’s and SDK’s in 2015, Kairos has shown the flexibility, creativity and resolve needed to build a new business. This is our third investment in Kairos having led the Series A offering and supported the subsequent convertible debt offering. “
New World Angels is a group of 68 accredited private investors providing equity capital to early-stage entrepreneurial companies with a strong presence in Florida. Since 2014, NWA has invested over $10 million into these companies.