Shared Resource Mobile Identity Platform

Element is an R&D intensive company that focuses in biometrics identification technologies. They enable any smartphone to become a sharable resource through mobile biometrics. Two key applications are (i) financial services (e.g. instant verification for transaction using mobile phone), and (ii) health services (secure, instant access to patient records for medical professionals to ensure best treatment)

Market for mobile biometrics identification is growing, especially in emerging markets with lack of proper infrastructure. Estimated market size for both financial and health services industries reaches $330bn worldwide.

The company develops proprietary deep learning algorithms envisioned by co-founder / advisor / CSO Yann LeCun - Director of AI research at Facebook and one of the pioneers in deep learning research. Their team mostly consist of researchers with extensive experience in the field of artificial intelligence.