Element created a biometric identification technology available on mobile for everyone. This application could help identifying millions of people in more efficient ways.
In Asia and Africa alone, more than a billion people are not identified correctly. Element tries and tackles this very serious issue and created a biometric identification platform using some of the citizens’ physical characteristics. Fingerprints, palms, faces, all they need to do is to take these body parts in picture, to save them and to add some complementary informations.
Element teams’ goal is to change the way people can have access to health care but also to banks or other public services. As for today, people still need IDs to be able to get access to these services.
Founded in 2012 by Adam Perold and Yann LeCun, a NYU teacher and pioneer in IA Research and former IA Facebook Research Director in New York, the young company just closed a $12 millions series A round, led by PTB Ventures and GDP Ventures. Other companies teamed up for this additonal funding, such as some of the biggest banks or telecom companies in Asia (Bank BCA, Bank BRI, Telkom Indonesia…)
Young children are now easily identified thanks to Element
According to Element, one out of quatre children aged 5 or less are not correctly and legally identified around the globe, keeping them from getting correct and constant development and health cares. To reduce these numbers, Element partnered up with the Global Good Fund in 2017 (organization aiming to accelerate the development of entrepreneurial projects tackling environmental and social issues.)
The goal of this partnership is to allow children everywhere to get good medical care from their young age to their adulthood. Element’s services are getting testes in different medical centers : the Matlab Health Research Center of Icddr,b, in Bangladesh, and the Angkor Youth hospital, Cambodia. With this, medical experts are trying to figure out which children body parts are the less likely to change when growing up. They are currently testing fingerprints, feet, palms, irises and ears.