viisights

Company Overview

Snapshot

Founded in July 2014 by Asaf Birenzvieg, Menashe Rothschild, Amjad Akkawi, and Simon Polak, viisights operates with 1–10 employees. The company has raised a total of $21.2 million across 3 funding rounds from 9 investors. In February 2022, viisights secured additional funding, led by HIVE 2040.

Business overview

viisights provides advanced video analytics intelligence systems that utilize deep video-understanding technology. Their solutions are designed for a wide range of applications including safe and smart cities, smart businesses, infrastructure, and public safety. The company's technology processes and understands large volumes of video streams in near real-time and offline, generating intelligence, insights, and alerts for actions, events, and scenes of interest. viisights operates within the Aerospace, Defense & HLS sector, focusing on Security and Safety Technologies, and also has applications in Automotive & Mobility Technologies.

Strategic signal

In December 2023, viisights faced financial challenges, accumulating debts of 9 million shekels and seeking a stay of proceedings, citing the general situation. This event signals a significant operational and financial hurdle for the company, indicating a need for strategic restructuring or recapitalization to ensure its future viability in the competitive video analytics market.

Company Intelligence Q&A

What is viisights' core technology?

viisights develops video analytics intelligence systems that leverage deep video-understanding technology, incorporating artificial intelligence, machine learning, and computer vision to process and understand video content.

When was viisights founded and by whom?

viisights was founded in July 2014 by Asaf Birenzvieg, Menashe Rothschild, Amjad Akkawi, and Simon Polak.

What was a significant recognition viisights received?

In September 2018, viisights was named a Cool Vendor in AI for Computer Vision by the Gartner Research Group, recognizing its innovative approach to balancing business risk and reward.

What was a key partnership for viisights in 2021?

In October 2021, PSA Security Network added viisights to its technology partner lineup, expanding the reach of viisights' video intelligence solutions within the security industry.

What was a notable funding event for viisights?

In February 2022, viisights secured additional funding, with HIVE 2040 leading the round. This followed a previous funding round in November 2019, which was led by Awz Ventures.