Viisights, a Tel Aviv, Israel-based developer of innovative behavioural understanding systems for real-time video intelligence, raised $10M in Series-A funding.
The round was led by Awz Ventures, with participation from Firstime Ventures and additional existing investors.
The company intends to use the funds to expand its sales organization, establish a global presence, continue to enhance its current products, and develop new solutions.
Led by Asaf Birenzvieg, CEO, Viisights is a provider of behavioural understanding systems for real-time video intelligence that leverage artificial intelligence (AI) technology. Its flagship product, Viisights Wise, offers a wide range of applications, including: violence and weapon recognition, context-related suspicious activity recognition, crowd management, vehicle and traffic surveillance, indoor and outdoor safety (including fire and smoke detection), and resource optimization. It uses the company’s proprietary video understanding technology to extract actions, events, and scenes from real-time video feeds.
The company provides behavioural understanding systems for safe and smart cities, smart enterprises, banking and financial institutes critical infrastructure sites, transportation hubs, and ride sharing vehicles.