Voxel51, an Ann Arbor, Mich.-based AI startup for video understanding, closed a $2m seed funding round.
eLab Ventures made the investment.
The company will use the funds to launch its solution.
Founded in 2016 by University of Michigan professor Dr. Jason Corso and Dr. Brian Moore, Voxel51 provides a video understanding platform for automotive, smart city and security applications.
Uniquely built to process video, the company’s computer vision and deep learning models automatically identify and classify actions in video scenes and can comprehend activities and patterns with incredible accuracy.
The scalable platform enables customers with large video datasets to search for specific objects, actions and behaviors, and to automatically tag and integrate detected content into their workflows and human-decision making processes.
Since the company was founded, it has completed a number of successful pilots in the automotive, smart city and security spaces.
Voxel51 has also recently concluded a $1.25m grant awarded by the U.S. Commerce Department’s National Institute of Standards and Technology (NIST) to develop video analytics for public safety, bringing its total investment to $3.25m.
FinSMEs
09/08/2019