PowerMoves Miami Accelerator Launches To Help Minority Entrepreneurs Access Capital

Black Enterprise’s 2016 Techpreneur of the Year nominee Brian Brackeen is the founder and CEO of Kairos, an innovative facial recognition company in Miami. Kairos’ tech platform provides advanced facial recognition API for its users’ apps and services.

It delivers fraud management and work automation solutions with features such as 3-D facial recognition, one-to-many identification, anti-spoofing, mood detection, gender analysis, security and compliance, mobile authentication, and more.

In four years, Brackeen has gone on to raise $6 million in venture capital. He is currently doing a $10 million Series A Round to handle volume, hire more engineers and sales people, and to scale the business. Miami is one of the most entrepreneurial cities in the country; there are also a large number of angel investors here, says Brackeen.

“In California there are three companies for every one angel investor, and Florida has three angel investors for every one startup,” he claims, noting the State of Florida, at $100,000, is an investor in Kairos. Early this year Brackeen was one four companies selected to present Kairos to a room of investors at the Morgan Stanley Disruptors Showcase as part as a three-day event hosted by PowerMoves Miami.

PowerMoves, a national initiative to increase the number of venture-backed, high-growth and high-tech companies led by entrepreneurs of color, opened an accelerator in Miami this February. PowerMoves began in 2014 as a program to position New Orleans as a hub for entrepreneurs of color. Since then, it has rapidly grown to become a national initiative.

In just one year, PowerMoves.NOLA has nationally sourced 100 companies led by founders of color from 26 major cities across the country and helped secure more than $17 million in capital commitments.

Related Story: SBA Awards $4.4 Million to Business Accelerators

Miami is the first city outside of New Orleans to host a PowerMoves office and year-round programming, including pitch competitions, boot camps, networking events, and fellowships. “With the help of the John S. and James L. Knight Foundation (a $1.2 million investment), we decided to launch a physical presence not just a three-day convening in Miami,” says Janelle Alexander, managing director of PowerMoves Miami and former Entrepreneur-In-Residence at PowerMoves NOLA.

Alexander identifies talented entrepreneurs, serves as a mentor, and assists with programming. “Five or six companies will be chosen to participate in PowerMoves Miami. We will give them office space, guidance, mentorship, and access to networks.”

PowerMoves helps participating entrepreneurs refine their business models; shape their go-to-market strategies; connect with advisers; and secure early investment to launch, grow, and scale their businesses. “We make connections and introductions. That is one of the barriers to entries that entrepreneurs of color face,” adds Alexander.

Related Story: Watch Flat Out Of Heels Wins $25,000 Pitch Competition at PowerMoves NOLA

PowerMoves Miami Accelerator Launches To Help Minority Entrepreneurs Access Capital

Black Enterprise’s 2016 Techpreneur of the Year nominee Brian Brackeen is the founder and CEO of Kairos, an innovative facial recognition company in Miami. Kairos’ tech platform provides advanced facial recognition API for its users’ apps and services.

It delivers fraud management and work automation solutions with features such as 3-D facial recognition, one-to-many identification, anti-spoofing, mood detection, gender analysis, security and compliance, mobile authentication, and more.

In four years, Brackeen has gone on to raise $6 million in venture capital. He is currently doing a $10 million Series A Round to handle volume, hire more engineers and sales people, and to scale the business. Miami is one of the most entrepreneurial cities in the country; there are also a large number of angel investors here, says Brackeen.

“In California there are three companies for every one angel investor, and Florida has three angel investors for every one startup,” he claims, noting the State of Florida, at $100,000, is an investor in Kairos. Early this year Brackeen was one four companies selected to present Kairos to a room of investors at the Morgan Stanley Disruptors Showcase as part as a three-day event hosted by PowerMoves Miami.

PowerMoves, a national initiative to increase the number of venture-backed, high-growth and high-tech companies led by entrepreneurs of color, opened an accelerator in Miami this February. PowerMoves began in 2014 as a program to position New Orleans as a hub for entrepreneurs of color. Since then, it has rapidly grown to become a national initiative.

In just one year, PowerMoves.NOLA has nationally sourced 100 companies led by founders of color from 26 major cities across the country and helped secure more than $17 million in capital commitments.

Related Story: SBA Awards $4.4 Million to Business Accelerators

Miami is the first city outside of New Orleans to host a PowerMoves office and year-round programming, including pitch competitions, boot camps, networking events, and fellowships. “With the help of the John S. and James L. Knight Foundation (a $1.2 million investment), we decided to launch a physical presence not just a three-day convening in Miami,” says Janelle Alexander, managing director of PowerMoves Miami and former Entrepreneur-In-Residence at PowerMoves NOLA.

Alexander identifies talented entrepreneurs, serves as a mentor, and assists with programming. “Five or six companies will be chosen to participate in PowerMoves Miami. We will give them office space, guidance, mentorship, and access to networks.”

PowerMoves helps participating entrepreneurs refine their business models; shape their go-to-market strategies; connect with advisers; and secure early investment to launch, grow, and scale their businesses. “We make connections and introductions. That is one of the barriers to entries that entrepreneurs of color face,” adds Alexander.

Related Story: Watch Flat Out Of Heels Wins $25,000 Pitch Competition at PowerMoves NOLA

Miami-Based Innovator Brian Brackeen Tells-All About Funding Startups

You may not be too familiar with Miami-based entrepreneur Brian Brackeen now, but he will soon be a worldwide, household name.

This groundbreaking innovator is the founder and CEO of Kairos.com, an ingenious facial recognition company helping companies everywhere to change the way they interact with their employees, patients, and customers.

[Related: Global Tech Leaders of the Diaspora: 10 African Innovators to Watch In 2016]

Kairos is essentially a human analytics company that provides modern day technology solutions that can help automate analysis of human behavior.

Kairos combines social science and technology, allowing businesses to understand the variables that impact consumer decision making in real time.

In laymen’s terms, Brackeen has developed a superior technology that detects your emotions, via facial recognition and emotional analysis, when gauging a product, or interacting with a service.

Through use of human metrics, Kairos allows companies to understand more about who people are, how they feel, and what earns their interest. This allows for a deeper understanding into people’s interactions with companies. Companies gain access to consumer decisive moments by capturing those moments with technology.

Companies may also gauge the moment of decision for each product and experience.

With Kairos, still images, Web content, and real-time video are processed by leading facial analysis, and emotional analysis algorithms, thus, automating the process of collecting and analyzing data about human behavior.

Brackeen serves as the brain behind this operation. Since founding Kairos, he has raised more than $5 million in venture capital and has 7,000 customers in 40 countries.

Kairos acquired company IMRSV, making Kairos the only facial biometrics company in the world offering both facial recognition and emotion analysis tools for developers.

Prior to founding Kairos, Brackeen worked as a senior project manager for Apple Inc. and senior managing consultant from IBM.

Brackeen currently cultivates Miami’s tech and entrepreneurial scene. He will be in attendance at the 2016 Black Enterprise Entrepreneurs Summit, May 4–7, at the Loews Hotel Miami, Miami, Florida, talking seed and early stage funding for entrepreneurs.

He will be joined by the Founding Partner of Cross Culture Ventures, Marlon Nichols, advising attendees on how to market yourself to investors and assessing the early stage funding that may be right for your business. Register now.

Be sure to follow Black Enterprise on social media @BlackEnterprise for Entrepreneur Summit news, highlights, and updates. Use hashtag #BESummit to stay in the loop.

Please be on the lookout at BlackEnterprise.com as speakers, activities, and sessions are announced.