William Tillman’s ToT Partners retained to advise first-to-market IP for dating apps Patented technology uses facial recognition and AI for match-making; Market to experience 5.5% CAGR, per Grandview Research
New York City
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July 20, 2022 05:29 PM Eastern Daylight Time
ToT Partners, a holding company operated by Wall Street veteran William Tillman, today 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.
The Code is a dating application that uses facial recognition, biometrics, and artificial intelligence to curate and suggest potential matches. The company owns intellectual property related to the use of anthropology, evolutionary biology, and neurophysiology to drive matchmaking. Charles Sankowich, a serial entrepreneur and former commodities trader, serves as founder and CEO, while Stacy Schnieder, an attorney, legal analyst, and former adtech COO, is co-founder.
“The Code is first-to-market with patented technology that uses facial recognition and artificial intelligence to calculate and predict physical attraction. This powerful, innovative technology can, as either a product or a feature, further improve the user experience on the apps that millions of people use every day to spark new connections,” said Tillman.
According to a forecast from Grand View Research, 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 pointed to 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.
About ToT Partners
ToT Partners was founded by William Nicholas Tillman in 2022. The name of the conglomerate embodies what the founder takes pride in: Being a polymath and illuminating ambiguity through business and philanthropy ventures.
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