CCTV video software start-up Kinesense secures 620K investment
Summary
Kinesense, a Dublin-based start-up that has developed CCTV video retrieval and analysis solutions for the surveillance and security markets, has secured a €620,000 syndicated investment to focus on its international growth strategy. Kernel Capital led the syndicated investment via the Bank of Ireland Seed and Early Stage Equity Fund, with the remainder of the funds being provided by BES and angel investors. The company’s systems, which aim to turn raw video into actionable information rapidly during CCTV video investigations, are being used by police forces and security agencies in Ireland, UK, Europe, Canada and North Africa. “Kinesense developed its time-saving video search solutions over a number of years of advanced research, testing and deployment with security agencies," said Sarah Doyle, Kinesense CEO. "We are seeing real traction for our solutions in many markets and this investment will enable us to accelerate international growth and expand our solution range to solve the issues surrounding the growing prevalence of CCTV for organisations."
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