viisights News
12 articles
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
viisights, Inc. Announces Its viisight Wise Solution Incorporates Advanced Behavioural Recognition Technology For Superior Detection
growth-positive
Video Analyzing Startup Viisights Raises $10 Million
Tel Aviv-based video analyzing startup Viisights Solutions Ltd. has raised a $10 million series A funding round, led by Canada-based homeland security fund AWZ Ventures Inc., with participation from Tel Aviv-based venture capital firm Firstime Ventures. Viisights develops a video intelligence service that analyzes and manages video content for specific advertising campaigns, and also analyzes real-time footage from security cameras. The company plans to use the funds to increase its sales and marketing team and boost its product development.
InvestmentExpand
viisights' Next Generation Of Video Analytics Offer 'Behavioral Understanding'
growth-positive
https://www.securityinfowatch.com/video-surveillance/video-analytics/video/21085874/video-realtime-behavioral-understanding-for-video-surveillance
Viisights CEO discusses the companys video analytic software that can analyze the behavior of people and objects in real time.
CustomersPartners
growth-positive
Viisights named Gartner Cool Vendor for AI-computer vision
Viisights, a company based in Tel Aviv, has been recognized as a Gartner Cool Vendor for its innovative behavior recognition system for real-time video intelligence. The companys AI-driven technology can understand the context of actions and events in live video streams, making it useful for various applications such as safe and smart cities, smart businesses, and transportation hubs. Viisights CEO sees this recognition as validation of the growing demand for their behavioral understanding systems. The article does not mention any specific partners, customers, investment or acquisition details, layoffs, or the companys valuation amount. The event described in the article is not specified. Confidence level: 8.
CustomersPartners
growth-positive
Next Step in Video Content Understanding - Forecast and Recommendations - iHLS
Israeli company viisights, known for its advanced capabilities in video content understanding, has added Brig. Gen. (Res.) Giora Inbar to its advisory board. Inbar will assist in business development and the military aspect of the product, helping the company fulfill its technological vision of developing an innovative platform for autonomous video surveillance. The companys technology aims to consolidate information and insights from various sources and cameras to create smart alerts and generate recommendations for actions. The platform is based on machine learning technologies and participates in the iHLS security accelerator program.
PartnersManagement Changes
growth-positive
Israeli video data co viisights raises $1.2m
Israeli video intelligence startup viisights has raised $1.2 million in seed funding from TheTime, Maxfield Capital, ASF Ventures and LETA Capital. The company plans to use the funds to enhance its core technology and expand its team. viisights has developed a video data management and intelligence platform that provides data as a service (DAAS) analytics solutions for content discovery, brand safety and targeting. The platform is designed to increase revenues for publishers with large video content libraries and deliver higher quality video ad targeting data for advertisers.
InvestmentExpand
