Everyangle, a Dublin, Ireland-based computer-vision company for venues and retailers to comprehend their costumer behavior, raised €2.7m in funding.
The funding round was co-led by Sure Valley Ventures, Act Venture Capital and Furthr VC (formerly DBIC Ventures) with participation from Enterprise Ireland.
The company intends to use the funds to accelerate sales, invest in ongoing product development and drive further expansion in the US and UK. They plan to increase headcount over the next 24 months, with recruitment underway for key hires in machine learning, data science, software engineering, product management and sales.
Led by CEO David Owens, Everyangle is focused on helping physical retailers, hospitality venues and convenience service stations to understand their customers in-store, reduce loss and optimize operations through computer vision technology. The platform uses computer vision and machine learning to analyse CCTV footage for events of interest, without the need for human review. It identifies scan avoidance events at self checkout, spots suspicious refunds, voids and card activations and reduces the cost of investigating suspicious transactions at checkout – they say – by 90%.
The platform includes solutions for:
- Brick-and-Mortar Retail Store Performance
- Demographic Customer Footfall Analysis
- In-Store Customer Engagement
- Checkout Scan Avoidance
- Stockroom Utilisation
- Labour Code ‘Rest Break’ Compliance
- PPE Compliance
Everyangle has developed strategic go-to-market partnerships with major vendors including Cisco and SAP, global distributors such as TD Synnex, as well as international reseller partners including CDW and WWT. These extensive partnerships enable the company to serve a range of sectors globally, including Retail, Hospitality and Convenience Service Stations, with customers including Mulberry, Peloton, Oxford Industries, Joey’s Restaurant Group, Vinfast and RaceTrac.
FinSMEs
31/10/2022