TechNation: AnyVision Raises $28 Million From Bosch for Facial-recognition Technology

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A Mercedes-Benz AG automobile stands outside the Robert Bosch GmbH automotive component factory in Homburg, Germany, on Thursday, March 15, 2018.
A Mercedes-Benz AG automobile stands outside the Robert Bosch GmbH automotive component factory in Homburg, Germany, on Thursday, March 15, 2018.Credit: Krisztian Bocsi/Bloomberg

AnyVision raises $28 million from Bosch for facial-recognition technology

AnyVision, an Israeli startup that has developed face, body and object recognition technology to help companies deploy smart cameras, said it secured $28 million in a financing round led by Germany’s Bosch. Two unnamed U.S. private equity groups joined the round, whose proceeds will be used for research and development and to open offices in Los Angeles, London and Singapore. AnyVision has developed artificial intelligence-based solutions for homeland security and other applications that enable a camera to index and analyze everything it sees. Launched in 2015, the company has 130 employees globally and recently opened its first North American office in New York. CEO Eylon Etshtein told the technology website Crunchbase that AnyVison’s technology solves many of the privacy problems surrounding facial recognition because “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.” (TheMarker Staff)

Video marketing technology company Eyeview takes in $20 million 

Eyeview, a U.S. startup founded by Israelis, said last week it had raised $20 million in equity financing and debt from a group of current and new investors. The group of mostly Israeli venture capital funds included Qumra, Innovation Endeavors, Nauta Capital, Gemini Israel Ventures and Israel Secondary Fund, Eyeview said. The company’s technology enables companies to customize their video ads based on viewer data — for example nationwide ad campaign that includes local stores and deals depending on where it’s shown. “In today’s ever-changing marketing landscape, it’s important to provide marketers with differentiated offerings in order to rise above the crowd,” explained CEO Oren Harnevo. Founded in 2007 by Harnevo, Gal Barnea, Tal Riesenfeld and Yaniv Nizan, the company has raised $79.7 million to date, according to figures from the technology website Crunchbase. It has offices in New York, Los Angeles, Detroit and Chicago and counts as customers retailers Lowe’s and Walgreens as well as automakers Honda and BMW. and ride-hailing service Uber. (TheMarker Staff)

LR Group to manage $130 million Jerusalem biomedical fund

LR Group has won a contract from the Jerusalem Development Authority to set up a $130 million fund, at least half of which must be invested in local biomedical startups. The authority will invest $5 million of its own money and become a limited partner in the fund. The rest of the capital will come from LR, which is hoping it will come from an unnamed Chinese investor that has expressed an interest, said Itzik Ozer, the head of business development at the authority and Yaki Zinger, LR vice president for business development. The fund is a second foray into the biomedical industry for LR, a manager for agriculture, water, energy and telecom projects, after it launched the 50 million shekel ($13.7 million) BioJerusalem shared workspace for life sciences startups last month. The authority has been making direct grants to local biomedical startups. “With the help of the new fund and a Chinese partnership, we’re significantly leveraging the money we can invest,” said Eyal Haimovsky, the authority’s CEO. (Eliran Rubin)

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