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AnyVision AI startup Raises $28 million in Series A funding round

On Friday, Tel Aviv-based AI startup AnyVision announced it has closed a $28 million Series A funding round led by Bosch.

The young startup is growing really fast with plans to o open up three new offices by the year’s end.

According to the AI startup, the company is working on face, body and object recognition tech and the underlying system infrastructure to help companies deploy smart cameras for various purposes. The tech works when deployed on most types of camera and does not require highly sophisticated sensors to operate, the company says

Right now, AnyVision is working on products in a few different verticals. Its security product called “Better Tomorrow” has been a key focus for the company.

“Today, the video management systems basically record everything and you can see individuals faces, you can see everything.”AnyVision CEO Eylon Etshtein says. “Once our system is installed it pixelates all the faces in the stream automatically, even the operator in the control center cannot see your face because the mathematical models just represent the persons of interest.”

The company also recently released a product called FaceKey that leverages the company’s facial recognition tech for verification purposes, allowing customers with phones that are not just the iPhone X to use their face as a two-factor authentication method in things like banking apps. Now, there have certainly been a lot of issues with maintaining the needed accuracy which is exactly what has made FaceID so novel, but AnyVision CEO Eylon Etshtein claims to have “cracked the problem.”

Other products AnyVision is working on include some new efforts in the sports and entertainment spaces as well as a retail analytics platform that they’re hoping to release later this summer.

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