Umbo Computer Vision, a San Francisco, CA-based artificial intelligence startup and provider of autonomous video security products, raised $6.8m in Series A funding.
The round, which brings total funding to date to $9.6M, was led by CDIB Venture Capital Corp, with participation from AppWorks Ventures and Mesh Ventures and new investor Substance Capital.
The company intends to use the funds for continued development of Light, expansion of the product portfolio, computer vision R&D, and talent acquisition.
Led by Shawn Guan, CEO, Umbo CV is an artificial intelligence company developing autonomous video security at enterprise scale. The company is the creator of Light, an autonomous vision intelligence accessible from desktops and mobile phones that understands what is taking place in real-time. It has processed over 2 billion live security images with over 1.5 million user sessions to date.
Umbo also announced new features and capabilities. Now, in addition to scene-parsing, Light adds spatial-temporal information for detection of behavioral-related events, making it possible to identify suspicious activity and prevent crimes before they happen. Light can now identify and alert on behaviors such as unauthorized entry, physical violence, loitering, wall-scaling, and people and vehicle tally. Detection of other behavioral events is planned for the future.
FinSMEs
25/10/2017