AnyVision, a leading Recognition AI company, today announced it has secured an investment of $235 million from SoftBank Vision Fund 2i and Eldridge with further participation from existing investors.
The infusion is one of the largest funding rounds in the visual intelligence space in Western markets, underscoring the growing importance of AI, machine learning, and biometrics in transforming physical and perimeter security.
As part of the transaction, Amit Lubovsky, Director for SoftBank Investment Advisers, will join AnyVision’s Board of Directors. Proceeds from the round will accelerate AnyVision’s product innovation in edge computing and Access Point AI used to optimize touchless access control, video surveillance, and watchlist alerting. This same platform will drive operational insights including occupancy analytics, people counting, and dwell times as well as flag potentially dangerous behavior.
“AnyVision’s innovations in Recognition AI helped transform passive cameras into proactive security systems and empowered organizations take a more holistic view to advanced security threats,” said AnyVision’s CEO Avi Golan. “The Access Point AI platform is designed to protect people, places, and privacy while simultaneously reducing costs, power, bandwidth, and operational complexity.”
To increase its market reach, AnyVision has forged strategic relationships with several key partners in this space including Honeywell, Schneider Electric, Boon Edam, Ambarella, and Nvidia as well as a number of key regional system integrators. In terms of technology validation, AnyVision achieved top rankings across all five categories in the 1:1 verification in the Face Recognition Vendor Test conducted by the National Institute of Standards and Technology (NIST). The company was also named as one of the Top 10 Facial Recognition Companies to Look For in 2021 by Analytics Insights.