Iris-Scanning Startup TACEO Secures $5.5M Seed Funding Led by Archetype VC
TACEO, the developer of iris-scanning encryption software, has closed a $5.5 million seed round with Archetype VC at the helm. Backers include a16z, Cyber.Fund, and A.Capital Ventures, signaling strong institutional confidence in biometric privacy solutions.
The capital will fuel team expansion and technological scaling, with ambitions to transcend crypto applications. Identity verification, financial services, and AI emerge as target verticals—sectors demanding ironclad data protection.
Controversy shadows the technology as nations question its data security implications. The startup counters with its 'Private Shared State' model, leveraging coSNARKs cryptography to marry multiparty computation with zero-knowledge proofs.