Smart city-focussed Quantela buys into multimedia analytics firm Graymatics
Summary
California-based Quantela said in a statement the investment in Singapore- and India-based Graymatics, which also maintains a presence in the US, will provide it with a significant strategic and go-to-market alignment. It will also help Quantela in building out comprehensive capabilities in video analytics for its target markets, which include smart cities, education campuses, public spaces, and commercial establishments. Graymatics operates an artificial intelligence-based platform that transforms installed closed-circuit television camera video feeds into actionable customer-centric solutions for different industries. Quantela CEO Amr Salem said the investment in Graymatics will give the company a “competitive edge” to tap into opportunities to enhance public safety by tracking suspicious behaviour and abandoned objects; improve traffic flow and crowd management. Graymatics operates in segments such as surveillance, telecommunications, media and advertising, and retail.
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