viisights Overview
viisights provides video analytics intelligence systems that leverage deep video-understanding technology. The companys video analytics solutions are designed for safe and smart cities, smart businesses, infrastructure, public safety, and other applications. viisights technological solutions are designed to enable automatic understanding of video content captured by widespread surveillance cameras and sensors located throughout traffic control centers, roads, public areas, buildings, shopping centers, commercial and industrial zones, and more. The companys technology is capable of processing and understanding large numbers of video streams in near-real time and offline while enriching a variety of actions, events, and scenes of interest with robust intelligence, insights, and alerts. viisights was named a cool vendor in Cool Vendors in AI for Computer Vision: Balance Business Risk and Reward, 2018 by the Gartner Research Group.
Cumulative Funding Raised Over Time ($)
Latest News
growth-negative
סטארטאפ ותיק צבר חובות של 9 מיליון שקל ומבקש עיכוב הליכים: "בגלל המצב"
Israeli company וייסיט פתרונות, which developed a system for identifying exceptional events such as violence or riots in security cameras, has announced the termination of its employees contracts. The company failed to raise additional capital and did not find a buyer, claiming this was due to the situation in Israel. The company has accumulated a debt estimated at about 9 million shekels. The company began its activity in 2015 and operated from Tel Aviv. The company has four full-time employees and has announced the termination of their contracts. The companys shareholders include Asaf Birnzwig, who served as CEO of the company until the end of 2023, Akkawi Amjad, who served as VP of Technologies, Polk Semyon, who served as Chief Scientist, and others.
Layoffs
growth-positive
viisights Secures $10 Million in Additional Funding
viisights, a developer of behavioral recognition video analytics, has raised $10 million in a fundraising round led by Israeli VC Hive2040. The funds will be used to expand marketing efforts, enhance products, penetrate new target markets, and initiate a new SaaS business model. viisights plans to offer real-time automated behavior recognition solutions to improve safety and security without requiring CAPEX investments. The company anticipates that more than half of its revenue will come from SaaS services by the end of 2023. viisights uses advanced AI-powered algorithms to recognize abnormal behaviors and events, raising real-time alerts. The company has also announced partnerships with PSA and Cognyte. The video analytics market is expected to reach $4 billion by 2025. Established in 2015, viisights employs 31 people in Tel Aviv and New York and 8 people in Ukraine.
InvestmentExpand
growth-positive
https://www.securityinfowatch.com/integrators/press-release/21241241/psa-security-network-psa-adds-viisights-to-its-technology-partner-lineup
PSA, the worlds largest consortium of professional systems integrators, has announced the addition of viisights to its approved technology partners. viisights provides behavioral recognition systems for real-time video intelligence. The partnership aims to elevate the industries served by PSA through relationships with industry-leading products and solution providers. viisights technology allows video surveillance systems to analyze real-time data and determine unique information for behavioral results of objects. The products and solutions have been utilized in various markets. The partnership with PSA is an important step for viisights to expand and establish its US presence. viisights behavioral analytics provide systems integrators with a unique selling proposition and will lead to business growth. In the first phase of the partnership, viisights will offer PSA integrators to resell its flagship product, viisights wise.
Partners
growth-positive
https://www.securityinfowatch.com/integrators/press-release/21241241/psa-security-network-psa-adds-viisights-to-its-technology-partner-lineup
PSA, the worlds largest consortium of professional systems integrators, has announced the addition of viisights to its approved technology partners. viisights provides behavioral recognition systems for real-time video intelligence. This partnership allows PSA to offer advanced AI services to its integrators, enhancing their video analytics capabilities. viisights technology analyzes real-time data to determine unique behavioral results of objects in video surveillance feeds. The partnership with PSA will help viisights expand its presence in the US market. The addition of viisights products and solutions provides a new selling proposition for PSAs integrators, leading to business growth. viisights will be offering its flagship product, viisights wise, to PSA integrators for reselling, with plans to release it as a SaaS product in 2022.
Partners
growth-positive
Behavioral recognition system viisights selected by Mexican city to help track Covid-19
Mexican city of León has selected viisights Solutions Ltd. to improve safety, security, and help prevent the spread of Covid-19. viisights Wise, the companys product, will be used to identify breaches in social distancing measures and improve response times. The technology can differentiate between violent and non-violent behavior and can also identify whether a person is wearing a face mask. Mexico has confirmed more than 672,000 cases of Covid-19. viisights was founded in 2014 and has raised a total of $13.7 million.
Customers
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | $21.2M |
| Last funding | $10M |
| Stage | A |
| Rounds | 3 |
| Investors | 9 |
Team Members
4
Employees: 1-10
Web & Social Links
| Website | www.viisights.com |
Locations
HaNehoshet St 6, Tel Aviv-Yafo, Israel
New York, NY, USA
Photos & Videos
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