Paravision announced that it has received $23 million in a round of funding led by new investor J2 Ventures on May 11, 2021. The transaction included participation from new investor HID Global Corporation and Red Cell Partners, LLC, Perot Jain, L.P, Atomic Management LLC, Marlin Spike Capital, ASSA ABLOY AB (publ) (OM:ASSA B), and Icon Management Associates LLC and other investors.