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Computer Vision Startup Takes $4M in Series-A Funding Round

January 15, 2019

“The platform’s tools will allow for the development of computer vision systems that can detect, classify, count, and track objects, and that can perform facial recognition.”

Computer Vision Startup Takes $4M in Series-A Funding Round

San Diego-based computer vision startup AlwaysAI has brought in $4 million in funding through a series-A investment round, the company has announced.

The round was led by BRV, a venture capital firm focused on innovative tech companies. The funding round also featured “participation from [AlwaysAI] co-founder and CEO Marty Beard,” according to the startup’s statement.

AlwaysAI is aiming its computer vision technology at the enterprise sector, offering a platform that is designed to enable the easy and fast development of deep learning computer vision apps. AlwaysAI plans to offer the platform on a subscription basis, which will entail access to “pre-trained” algorithm models, a Software Development Kit for ARM-based devices, and APIs.

The platform’s tools will allow for the development of computer vision systems that can detect, classify, count, and track objects, and that can perform facial recognition. Potential devices to which this technology can be applied include cameras, drones, and wearables, among others.

Commenting on the funding round’s success, BRV co-founder and partner John Malloy said his firm sees “tremendous potential in the enterprise”, and that AlwaysAI’s team “have the vision, technology and deep enterprise experience to bring this potential to a broad base of developers across a wide variety of industries and applications.”

Filed Under: Industry News Tagged With: AI, AlwaysAI, Artificial Intelligence, Biometric, biometrics, BRV, computer vision, facial recognition, funding rounds, investment funding, series-A, Silicon Valley, startups

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