AnyVision reveals Series A investment details and announces two new offices
AnyVision has revealed that Lightspeed Venture Partners is a leading participant in the $43 million Series A funding round announced last year, along with details about the expansion plans the capital will fuel.
After announcing a Series A investment by Bosch last July, as well as a partnership with the German technology giant to develop facial recognition cameras, AnyVision was named as the first major investment by Qualcomm’s new Ventures AI Fund in November, as the funding round grew from $28 million to $43 million. That investment apparently included Lightspeed Venture Partners, though its participation was not disclosed at the time.
“Lightspeed invests in companies that can fundamentally transform industries or create entirely new ones,” says Lightspeed Venture Partners Partner Raviraj Jain. “AnyVision has best-in-class technology, demonstrated meaningful ROI to clients across industries and assembled a strong team to be a market leader – we are very excited to partner with them.”
In 2018, the Tel Aviv-based AnyVision experienced 500 percent year-over-year growth, opened a second headquarters in New York, and expanded its AI offerings to applications for law enforcement, airports, entertainment venues, smart cities, critical infrastructure, banks, and retailers.
AnyVision now plans to enter a phase of hyper-expansion, implementing growth plans in key markets, sourcing additional talent, and adding offices in Washington, D.C., and California. Funds will also go to the company’s 2019 go-to-market strategy, and AnyVision says that Lightspeed Venture Partners’ international presence will be instrumental to its efforts to scale.
“At AnyVision, our people, our products and our partners are our most critical assets – adding Lightspeed to our round as an investor gives the company a rare combination of strategic corporate and financial investors that will help shape our future and the markets that we are transforming,” comments Eylon Etshtein, AnyVision’s CEO and founder. “We are excited to have Ravi and the Lightspeed team alongside us as we enter into hypergrowth.”