According to the global market insights, the market for IP camera will exceed USD 20 billion in revenue by the year 2024 that largely driven by a 20 percent uptick in unit shipments. This type of cameras for the purpose of surveillance is on to rise across the globe; that’s why most of the surveillance footage today, as much as 95 percent, goes unreviewed, as reports noted. Hence, to switch that aspect, San Jose-based startup Deep-Learning Startup Vintra looks forward to leveraging Artificial Intelligence toolset capable of evaluating video frames from any source and has also secured USD 4.8 billion in funding.
The funding was led by Bonfire Ventures, London Venture Partners, Vertex Ventures, and among others. As per the Vintra CEO Brent Boekestein, the fresh capital will be utilized to get new customers and to expand the company’s product offerings. Vintara’s FulcrumAI, an AI-optimized video analytics solution which is reportedly capable of continued evolution and advancement over time that works on video data from any source. The company said that its AI-powered solutions can be utilized as a tool to supervise live videos feeds more accurately and generate actionable alerts. It can also be used to assess footages during investigations.
FulcrumAI can be implemented in two ways to offer various advantages based on the requirements of the installation environment. 1. On-premises at a company’s location, to boost human resources by converting live video feeds into preventative alerts, timely situational awareness, and immediately searchable video forensic data. 2. In the Cloud environment, to can provide as a post-event investigation solution which allows fast, precise and advanced video forensics at industry leading speeds.
Founded in the year 2016, Vintra’s FulcrumAI solution uses a Deep Learning system developed by the company’s experts who designed their own algorithms from the ground up and GPU-optimized their models to take benefit of the latest hardware and acceleration methods.