We all know that dating can be tricky, but a company called The Code wants to change that. The Code’s patented technology uses facial recognition, biometrics, and AI to curate and suggest potential matches. The technology aims to be able to predict physical attraction.
The company owns intellectual property related to the use of anthropology, evolutionary biology, and neurophysiology which aim to drive matchmaking.
ToT Partners, a holding company operated by Wall Street veteran William Tillman, has announced it has become the exclusive sell-side advisor to The Code as the company pursues a strategic business combination that would leverage its powerful technology at scale.
A forecast from Grand View Research predicts that the size of the app-based dating market is expected to experience a compound annual growth rate of 5.5% from 2022 to 2030, with the fastest-growing market over that period of time expected to be the Asia-Pacific region. Grand View research drew on the high rates of divorce and separation among people in their 20s and 30s, the effects of the ongoing Covid 19 recovery, and overall population growth as supporting evidence for its forecast.
