Israel-based image recognition technology developer AnyVision raised $15m on Monday from investors including Qualcomm Ventures, the corporate venturing arm of chipmaker Qualcomm, to increase its series A round to $43m.
Venture capital firm Lightspeed Venture Partners also took part in the extension, which adds to the $28m the company received from industrial product manufacturer Robert Bosch and two unnamed private equity groups in July 2018.
Founded in 2015, AnyVision is creating artificial intelligence-based facial, body and object recognition software that can be integrated into multiple platforms and sensors including existing CCTV cameras.
The technology is intended to be utilised by law enforcement, airports, sports and entertainment providers, smart cities, critical infrastructure projects, banks and retailers.
The company, which recently opened new offices in Washington, DC and California, plans to use the funds to hire staff and invest in research and development.
Eylon Etshtein, co-founder and CEO of AnyVision, said: “At AnyVision, our people, our products and our partners are our most critical assets – adding Lightspeed to our round as an investor gives the company a rare combination of strategic corporate and financial investors that will help shape our future and the markets that we are transforming.”