AnyVision raises $28 million and will collaborate with Bosch on facial recognition cameras

Jul 21, 2018, 8:59 am EDT | Stephen Mayhew

AnyVision has closed a $28 million Series A funding round led by German technology giant Bosch, and plans to use the funds to invest in innovation and research and development and to reach more customers.

Two prominent U.S. private equity firms were among other participants in the funding round, according to the announcement.

“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,” said Eylon Etshtein, AnyVision’s CEO and co-Founder. “We have already proven our capabilities to the market and this funding will serve as the catalyst to make AI accessible to the world. From smart cities to smarter businesses, AnyVision will continue to be the leader with its industry changing technology.”

AnyVision was founded in 2015, and has grown to 130 employees, including those at its first North American office in New York City, which was recently opened. The company’s proprietary artificial intelligence and machine learning technologies are oriented around applications for face, body, and object recognition, and it will deploy a facial recognition solution at a London stadium for ticketless entry this summer, according to recent reports.

Along with the funding portion of the deal there seem to be plans for collaboration, according to comments from Bosch Building Technologies SVP Bernhard Schuster.

“Our customers around the world are increasingly asking for ways of integrating person and object recognition software into our cameras; collaboration with AnyVision will allow us to fulfill this customer wish even better and offer an enhanced package of solutions,” Schuster said.