Rank One Computing, which provides AI-powered facial recognition and biometric verification software, raised $24 million by offering 4 million shares at $6, the high end of the range of $5 to $6. The company had originally planned to offer 3 million shares. At pricing, Rank One Computing commands a market cap of $114 million.
ROC develops proprietary AI software for biometric identification, video analytics, and digital evidence analysis. Its offerings include ROC Watch for real-time and forensic video analytics; ROC SDK for multimodal algorithms; ROC ABIS for enterprise identity management; and ROC Enroll for remote identity verification. The remainder of ROC's revenue is generated through R&D contracts. Its technology supports workloads such as large-scale biometric matching, forensic triage, access control, threat detection, and investigative analysis. The company serves US federal agencies, defense and national security organizations, state and local law enforcement, and regulated commercial sectors such as fintech, telecommunications, and critical infrastructure.
The Denver, CO-based company was founded in 2015 and plans to list on the Nasdaq under the symbol ROC. The Benchmark Company acted as sole bookrunner on the deal.
