The Russian $ 30 million Flint Capital venture fund and the Internet Initiatives Development Fund (IIDF) invested in a St. Petersburg start-up company SMTDP Tech, which developed photo authentication technology, reports VentureBeat news agency dedicated to modern technologies. The amount of money invested is not disclosed.
Picture Manipulation Inspector (PMI) - the so-called project aimed at combating photo-fraud. Solutions within the framework of PMI can be used in various fields, starting with advertising, photojournalism and ending with insurance and construction. According to the developers, it is in these areas that fraud associated with the falsification of digital documents flourishes. The tool allows you to quickly and accurately authenticate any photos.
SMTDP Tech was founded in 2011 by a group of experts in the field of graphic design, automation of business processes, software development and creation of algorithms for decision-making under conditions of risk and uncertainty. For the first time, the performance of the PMI system was successfully tested on fake photo files from the archive of insurance companies. At the end of 2012, the “anti-fraudulent” software was ready for commercial use. By the way, insurance companies were among the first customers of SMTDP Tech PMI.
In 2013, the Russian company Belkasoft, a supplier of software solutions for conducting forensic examinations, presented PMI to its clients among government experts, whose number reaches 20,000 worldwide.
It is reported that funds attracted by SMTDP Tech will be directed to the development of the company's international activities and will help increase its turnover by several million dollars.
The article is based on materials .
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