AnyVision secures $235 million to further boost its facial recognition app

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The Israeli facial recognition startup AnyVision, has today closed one of the biggest rounds in the AI industry, a total of $235 million in a Series C funding. The firm uses its AI-based techniques, identifying people by their faces as well as taking temperature readings to also be applied in mass crowded areas. The round was led by Softbank Vision Fund 2 and Eldridge Industries. Existing investors Lightspeed Venture Partners, Qualcomm Ventures, DFJ Growth, Bosch, M12 also took part.

One of the leaders in visual AI, AnyVision’s platform provides solutions that are built to function on any camera, with any resolution and are proven to operate with the highest accuracy in real-time and real-world scenarios. With their systems already being used in video surveillance, watchlist alerts and crowd control scenarios.

AnyVision’s CEO Avi Golan said: “AnyVision’s innovations in Recognition AI helped transform passive cameras into proactive security systems and empowered organizations take a more holistic view to advanced security threats. The Access Point AI platform is designed to protect people, places, and privacy while simultaneously reducing costs, power, bandwidth, and operational complexity.”

The funding will be mainly used to continue developing its software development kits (SDKs), specifically to work in edge computing devices, smart cameras, body cameras, and chips that will be used in other devices, to increase the performance and speed of its systems.

Source: TechChunch “AnyVision, the controversial facial recognition startup, has raised $235M led by SoftBank and Eldridge”

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