Lightspeed Venture Partners Invest in AI Leader AnyVision to Accelerate Global Expansion
Bringing the Company’s Series A Round to $43M
Tel Aviv, Israel (January 14, 2019) — AnyVision, the leading AI-based face, body and object recognition company, announced new funding from Lightspeed Venture Partners and Qualcomm Ventures, bringing its Series A round to a total of $43 million. The new funding from one of Silicon Valley’s most well-known investors arms AnyVision to accelerate its sales and marketing activity for 2019, an important step in securing its position as the world’s leading AI company.
The new funding will propel AnyVision’s aggressive growth plans across its key markets and help AnyVision source the right talent as the company heads into hyper-expansion this year, opening new offices in Washington, D.C. and California. The funding will also be used to drive go-to-market strategy in 2019. Tapping into Lightspeed Venture Partners’ international presence at such a critical year for AnyVision’s growth will be instrumental in scaling the company’s commitment to create safer and smarter environments all over the world.
“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,” said Eylon Etshtein, AnyVision’s CEO and founder. “We are excited to have Ravi and the Lightspeed team alongside us as we enter into hypergrowth.”
AnyVision’s team has over over 20 years of experience in artificial intelligence and computer vision. The company brings real world application of face, body and object recognition with unparalleled accuracy and technology that has been successfully adopted across a number of verticals. The technology can be used to make cities smarter, infrastructure more secure and offer advanced AI solutions across industries that are ripe for disruption: banks, stadiums, casinos and retail verticals, among others.
“Lightspeed invests in companies that can fundamentally transform industries or create entirely new ones,” said Raviraj Jain, Partner at Lightspeed Venture Partners. “AnyVision has best-in-class technology, demonstrated meaningful ROI to clients across industries and assembled a strong team to be a market leader – we are very excited to partner with them.”
Focused on the right industry partnerships and financial investors, in 2018 AnyVision saw 500% year-over-year growth and delivered on revenue figures, supported by leading investors Qualcomm Ventures, Bosch and Lightspeed. The company expanded its global footprint to the U.S., with a second headquarters in New York. With growing global and industry demand, AnyVision expanded its offerings and capabilities to offer AI solutions to HLS/Police, airports, sports/entertainment, smart cities, critical infrastructure, banks and retail verticals.
Today, the company has more than 200 employees globally, with offices in New York, Mexico, London, Singapore and Belfast a location alone that holds a research team of over 30 PhDs. AnyVision’s global customers and world-class business partners include Microsoft, Google, Johnson Controls, Telefónica, and Genetec.
To learn more about AnyVision, visit http://www.anyvision.co/.
AnyVision, the world’s leading designer and developer of recognition platforms was founded in 2015 to solve real world problems. AnyVision has created a software technology that learns on the feed, is customizable, and runs on multiple platforms including existing CCTV infrastructure.
About Lightspeed Venture Partners:
Lightspeed Venture Partners is a venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Over the past two decades, the Lightspeed team has helped build more than 350 companies globally, including Snap, The Honest Company, GrubHub, Nest, Nutanix, AppDynamics, and MuleSoft. The firm currently manages over $6 billion of committed capital and invests in the U.S. and internationally, with investment professionals and advisors in Silicon Valley, Israel, India and China. www.lsvp.com.