Kogniz raises $4M in seed funding to expand team and distribution reach of computer vision products
Computer vision company Kogniz has raised $4 million in seed financing to expand its engineering and data science team, and develop its product distribution capabilities. The funding round was led by The Entrepreneurs Fund, Tom Chavez, Auren Hoffman, and other industry investors with a focus on machine learning and artificial intelligence, according to the announcement.
Kogniz says its products are unparalleled among real-time video processing technologies used to recongize people, objects and activities for its turnkey implementation and scale on demand, the real-time, highly accurate results delivered by its edge-based architecture and next-generation techniques, and it capacity to work together across an unlimited number of locations.
“Kogniz is the first platform of its kind to truly democratize computer vision technologies focused on any physical environment,” said Tom Chavez, “We invested in Kogniz because they have the ability to positively affect the daily lives of millions of people.”
The company launched its first security camera product in April, which is currently used in 20 implementations in the U.S., with initial applications including vision-based security and AI analytics for businesses. Kogniz is also working with partners to develop health and safety applications such as monitoring unattended environments for self-driving vehicles, venues, and public spaces.
“We carefully selected our investor group based on their collective expertise in machine learning and big data,” said Daniel Putterman, company co-founder, “the Kogniz seed financing group represents decades of experience in building large and successful data-driven businesses.”