BrainChip set to drive sales of AI-based video analytic solutions
Artificial intelligence (AI) and machine learning technologies developer BrainChip Holdings announced that Thomas Stengel has joined the company as Vice President of Americas Business Development.
Stengel’s appointment comes as the company launches BrainChip Studio, a commercially available integrated software suite for pattern and facial recognition analytics.
Stengel is responsible for driving sales of BrainChip’s spiking neural network AI technology into OEM partners and end users in the video surveillance, server, and storage markets in the Americas.
“Artificial intelligence and neural network technology is transforming civil and commercial surveillance,” explained Stengel. “I am excited to be part of the BrainChip team and look forward to broadening our sales pipeline and driving revenue growth.”
Stengel holds a Bachelor of Science degree in Electrical Engineering from the Rochester Institute of Technology and is a 30-year industry veteran with over 15 years of video analytic domain specific expertise with major OEMs. He was most recently responsible for video solutions business development at Exar.
“Tom is a world-class business development executive and I have had the privilege of witnessing first hand his ability to create and close opportunities for new technologies at major OEM accounts,” commented BrainChip’s Senior Vice President of Marketing and Business Development, Bob Beachler.
In May, BrainChip Holdings successfully raised AUS$6.0 million (US$4.5 million) through a share placement supported by the firm’s existing shareholders and new institutions with Foster Stockbroking acting as sole lead manager.