• VatorNews.com, Tuesday, September 28, 2010 11:17 AM

Thanks to rapid advances in face-recognition technology, we might soon be looking back at social tagging (and privacy) with wistful nostalgia. One player in the space, Face.com, just raised $4.3 million in a series B round of funding led by previous investor Rhodium and Yandex, Russia's largest search engine. "Considered the 'Google of Russia,' this round of financing marks the first time that Yandex has invested in an Israeli company," reports VatorNews.com.

Meanwhile, just last week, Apple bought Swedish facial-recognition startup Polar Rose for a rumored $29 million for use on the Mac and iPhone. Founded in 2007 and launched publicly in 2009, Face.com powers two Facebook apps, Photo Finder and Photo Tagger, which together have scanned some 7 billion images and identified 56 million faces.

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