Viisights secures $10M to strengthen behavioral recognition systems for real-time video
AI technology developer Viisights has raised $10 million in Series-A funding that will be spent on further developing behavioral recognition systems for real-time video intelligence and on establishing a global presence, the company announced.
Offered through a number of partnerships with system integrators and sales channel partnerships, Viisights says it has now signed strategic partnerships with NEC and Motorola Solutions to join its integrator network.
Viisights leverages artificial intelligence to integrate behavioral intelligence with video surveillance and video streamds. Viisights Wise is equipped with a number of features including violence and weapon recognition, context-related suspicious activity recognition, crowd management, vehicle and traffic surveillance, indoor and outdoor safety (including fire and smoke detection), and resource optimization, the company explains. The technology does not recognize individuals, but behavioral patterns of interest.
Its proprietary video understanding technology leverages real-time temporal and holistic video streaming analysis and understands complex dynamic situations in real-time video feeds such as fights, suspicious behavior or road accidents, which cannot be detected by traditional object classification technology, Viisights says. The AI engine is trained with video clips based on convolutional neural networks and LSTM models that create a unique event signature.
Viisights’ solutions can be deployed for smart cities, enterprises, campuses, banking and financial institutions, critical infrastructure sites, transportation hubs, and security guard companies. Viisights has also designed a new prototype for in-vehicle occupants monitoring.
The founding round was led by Canadian VC Awz Ventures, with the participation of Firstime Ventures and other existing investors.
“Awz is a believer in Viisights’ technology and management team,” said Yaron Ashkenazi, Founder and Managing Partner of Awz Ventures. “We view Viisights’ behavioral recognition solution as a unique offering within the video analytics market, which has great commercial potential and will make the world a safer place.”
“We are excited to rollout our products globally; providing our customers with a safer, more secure, and resource efficient environment leading to a higher quality of life,” said Asaf Birenzvieg, Viisights CEO and Co-Founder.
In 2018, Viisights was acknowledged as a Gartner Cool Vendor in AI for Computer Vision. Its solution is listed in in Nvidia’s Metropolis partner program page as a leading “behavioral recognition” product.
artificial intelligence | behavioral biometrics | biometrics | investment | video analytics | video surveillance | Viisights