Visionary.ai secures investment from National Grid Partners for imaging tech
Israel-based Visionary.ai, an image-processing software provider, has secured a multi-million-dollar investment from National Grid Partners, a venture investment company of National Grid PLC. Visionary.ai plans to use the funding to expand its human and machine vision application solutions. The exact amount of the investment was not disclosed; the company has previously raised $7M, according to Crunchbase.
The company has provided several edge solutions that serve the growing demand for real-time video monitoring. Visionary.ai is developing a real-time video enhancement solution leveraging AI techniques to upgrade image quality substantially. To back this, the company recently announced the launch of a video denoiser that improves night vision quality without affecting image sharpness.
“The need for better real-time video clearly resonates across both human and machine vision applications,” said Oren Debbi, CEO and co-founder of Visionary.ai. “Our engineering team has made incredible progress over the last 18 months, and our first products are now production-ready. This investment from National Grid Partners will enable us to build on this foundation and expand the range of solutions we can offer our customers.”
Visionary.ai’s ISP helps companies get a real-time view of their field operations. Companies using the image processing software tool can leverage their edge data to build value propositions in their business functioning while increasing operating efficiency. According to Visionary.ai, AI-based software algorithms process input images to produce high-quality ones without external hardware.
The flexibility of Visionary.ai’s image processing tools enables enterprise customers to adopt their technologies for a wide range of applications. Customers can use these next-gen software-based AI image-enhancing solutions for the surveillance and monitoring of their field assets.
“The transition to renewable energy sources drives this distribution of assets even further. Vision is critical to monitoring these assets, and cameras need to be dependable in all lighting and weather conditions,” said Lisa Lambert, the chief technology and innovation officer at National Grid and the founder and president of National Grid Partners. “The technology that Visionary.ai is developing can help with the need for increased security of electricity supply and the battle against climate change.”
According to the news announcement, National Grid Partners have supported over 40 startups working towards climate change in diverse industries, from cybersecurity firms to customer-focused retailers.
Article Topics
computer vision | denoising | funding | National Grid Partners | venture capital | video surveillance | Visionary.ai
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