Reviewing the footage from the eye in the sky, Everyangle raises €2.7 million
Summary
Dublin-based Everyangle has raised 2.7 million in a new funding round aimed at product development and ramping up both sales operations and employee headcount as the company gears up for further US and UK market expansion. The startup uses AI to analyse CCTV footage for events of interest.Everyangles 2.7 million unidentified round was co-led by Sure Valley Ventures, Act Venture Capital, and Furthr VC and with participation from (naturally) Enterprise Ireland.If youre not at home right now, chances are theres a camera somewhere, somehow trained on you. But I think you get where Im going with this.According to Everyangle, less than 0.1% of CCTV video captured is ever reviewed by a human being, meaning, thats a lotta wasted power and storage just for nothing. And this is the waste that Everyangle is aiming to convert into meaningful metrics, particularly for brick-and-mortar retail stores, hospitality venues, and petrol/convenience/off-license shops.Ranging from customer insights to loss prevention, to operations optimisations, Everyangle is angling to cover every, well, angle.With the number of CCTV cameras set to grow by 100% globally, our platform is becoming ever-more critical to ensuring retailers, hospitality venues, and convenience service stations can leverage at scale all of their video data to improve the in-store customer experience, reduce theft and fraud, and deliver real operational cost savings, says Everyangle CEO David Owens.The startup has forged partnerships with vendors including Cisco and SAP, global distributors such as TD Synnex, international reseller partners including CDW and WWT. End-user clients include Mulberry, Peloton, Oxford Industries, Joeys Restaurant Group, Vinfast, and RaceTrac.