Ton-That, who transitioned from CEO to president in December 2024, has now fully departed from his executive position while maintaining his board seat. Board member and early investor Hal Lambert will serve as co-CEO alongside company co-founder Richard Schwartz.
The new leadership team is focusing on securing contracts with federal agencies, including the Pentagon and Department of Homeland Security. Clearview AI currently generates $16 million in annual recurring revenue and holds position 1820 on the Inc. 5000 list of America’s fastest-growing private companies. Lambert expects to triple revenue in the coming year.
The strategic direction shift occurs amid legal headwinds. The company faces opposition from 22 U.S. states challenging its proposed settlement of a biometric privacy lawsuit, and courts in multiple jurisdictions have deemed its technology illegal, including a recent ruling in British Columbia that upheld a ban on its facial data collection.
Nevertheless, Clearview AI continues to grow, with recent adoptions by law enforcement agencies like the El Cerrito Police Department. The company’s database now contains at least 60 billion facial images collected from internet sources.
In 2021, Clearview AI raised $30 million at a $130 million valuation. The company is now preparing for a new equity fundraising round, after choosing not to pursue debt financing options last year.
Source: Forbes
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February 20, 2025 – by the ID Tech Editorial Team
