AWRE

Aware Inc. develops and licenses biometric software and services for identity verification, authentication, and fraud prevention applications serving government agencies, financial institutions, and enterprises worldwide. Headquartered in Bedford, Massachusetts, Aware specializes in fingerprint recognition, face recognition, iris recognition, and voice recognition technologies enabling organizations to verify identities, authenticate users, and detect fraudulent activities across physical and digital channels. The company's products include biometric matching algorithms powering identity verification systems, software development kits enabling customers to embed biometric capabilities into applications, and cloud-based identity-as-a-service platforms providing turnkey authentication solutions. Aware serves multiple markets including government agencies using biometric systems for border control, law enforcement, and national ID programs; financial services institutions performing customer onboarding and transaction authentication; and commercial enterprises controlling facility access and securing digital systems. The company generates revenues through software licensing fees for on-premises deployments, transaction-based pricing for cloud services charging per authentication attempt, and professional services for custom implementations. Aware reported annual revenues of approximately $50-60 million with profitability challenged by competitive markets, customer project delays affecting revenue timing, and investments in cloud platform development. Recent strategic initiatives include transitioning from perpetual software licenses toward recurring cloud subscription models improving revenue predictability, expanding identity-as-a-service offerings targeting enterprises preferring managed solutions over self-operated systems, and developing AI-enhanced biometric algorithms improving accuracy and liveness detection countering sophisticated fraud attempts including deepfakes. The company faces competition from biometric technology vendors including NEC, Thales, and IDEMIA, plus cloud identity providers from Microsoft, Okta, and Auth0 integrating biometric capabilities into broader identity platforms.