Israeli Startup AnyVision raised $235 billion in Series C funding
Jul 09, 2021 | Vanshika Kaushik
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Facial recognition systems can be used to identify people, pictures and videos. Recognition systems can strengthen security. Many companies are using facial recognition systems to strengthen their biometric security capabilities.
AnyVision is an Israeli startup that builds facial recognition systems based on artificial intelligence. The developed systems can be used to conduct temperature checks in crowded areas. AnyVision has raised $ 235 million in Series C investing.
Five investors were a part of C series funding. The funding was backed by lead investors Eldridge, and SoftBank Vision fund. AnyVision’s total funding amount is $352 million. Company’s 9 investors usually participate in the funding rounds. . Its lead investors include LightSeed Venture Partners, SoftBank Vision Fund, Eldridge, Bosch and M12.
Funding is targeted for smart camera, body camera, and chip development. Its recognition systems provide video surveillance. Systems can be used to monitor crowds. In a supermarket, systems can help in keeping an eye at visitors. Recognition systems are helpful in providing ultra edge security.
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As reported by TechCrunch, AnyVision’s CEO Avi Golan said , “AnyVision’s innovations in Recognition AI helped transform passive cameras into proactive security systems and empowered organizations to take a more holistic view to advanced security threats.
AnyVision is an AI platform company that seeks to reinvent the security system. Startup's strong portfolio is helping it to lead multiple fields. Healthcare, Fitness, Casino, Gaming are few among many industries that Anyvision covers. Company has recently paired with Nvidia to scale its business operations.
Other partners include IndigoVision, JohnsonControls, Honeywell, telefonica, and Axis Communications. The image recognition market is expected to bloom in the upcoming year. As per the statistics, the image recognition market will hit 53 billion US dollars by 2025.
