AnyVision, an AI technology and computer vision company, has secured $28m in its Series A led by German technology group Bosch.
This investment was also supported by two unnamed ‘prominent’ US private equity groups.
Founded in 2015, the company utilises computer vision and AI technology for one-to-many facial recognition. In turn, this information can be used to create insights around customers and behaviours to open new business verticals and sources of revenue.
The solution can be used with any type of camera, helping both tactical surveillance and commercial use cases.
Its facial recognition technology can also be used through smartphones as a method of customer authentication and onboarding.
AnyVision’s services are used by the banks, smart cities, retail, transportation, HLS/Police, airports, sports/entertainment and critical infrastructure verticals.
This equity injection will be used to reach global demand and increase product innovation, and R&D. The company is also looking to support its expansion through strategic partnerships, like its recent deal with NVIDIA to build face and body recognition technology for smart cities.
Later in the year, the company will launch three new global offices, opening in Los Angeles, London and Singapore.
AnyVision CEO and co-founder Eylon Etshtein said, “We built AnyVision to be a core technology that solves fundamental problems in the computer vision industry and that can operate on any sensor, any time. We have already proven our capabilities to the market and this funding will serve as the catalyst to make AI accessible to the world.”
Facial recognition technology has been increasingly used by the financial services space. Last month BBVA launched the deployment of its facial recognition payment system which lets users pay by just looking into a camera at a cash register. The service is being offered to employees at BBVA’s Madrid headquarters’ café.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
