Kairos, a face-recognition AI company with “an ethical approach” to identity, today announced a $4 million investment from E. Jay Saunders, Chairman and CEO of Domus Semo Sancus (DSS), a Turks & Caicos Islands regulation technology (RegTech) company.DSS' investment brings Kairos' total funding to date to $17 million and will help the company continue innovating at the vanguard of face-recognition technology.Additionally, Kairos installed Melissa Doval as its CEO, a Miami native with nearly 20 years of experience scaling elite businesses. After serving as the brand's CFO and, more recently, as Interim CEO for the past six months, she possesses a deep knowledge regarding its operations and team. Ms. Doval's unique leadership style reflects her passion for tackling the biases in AI. With her proven expertise in building and improving companies, Kairos will continue thriving in Miami by finding new, ethical uses for its industry-leading, face-recognition AI. To support Kairos' senior management team E. Jay Saunders has assumed the role of Executive Chairman of the Board.”Working with teams I trust at companies I believe in, is incredibly important to me, and Mel's unwavering leadership of Kairos is the perfect example,” said Mr. Saunders. “The startup's enduring dedication to both innovation and ethics in technology makes the Miami business community proud and drives the city's tech sector forward.””I have always admired Kairos and its visionary work in pushing face-recognition technology beyond law-enforcement uses, while also ensuring its applications fall under self-imposed, ethical standards,” said Ms. Doval. “I'm especially proud to be leading our company's dynamic team in my beloved hometown, as well as our innovative R&D team in Singapore, and look forward to making this inspiring brand even stronger.”Kairos' face-recognition AI creates safer, more accessible customer experiences across industries, including fintech, retail, cybersecurity, digital asset management, and human-capital management. Much of the company's team has been working at Kairos since its launch in 2012, and takes great pride in advancing face-recognition technology by serving people of all backgrounds, regardless of age, gender, and ethnicity. As a minority-owned and minority-led business with a diverse staff, Kairos will always search for ways to better serve its users.
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