Dublin-based tech startup EVERYANGLE bags €2.7M to grow its computer vision and machine learning platform to analyze CCTV footage

In just eight decades, closed-circuit television (CCTV) has grown in popularity as homes, businesses and organizations use the video surveillance system to help record images and videos of their critical assets. The CCTV camera works by monitoring, recording video images, and transmitting them to a monitor for later analysis.

However, while these cameras collect a trove load of data, 99.99% of the captured data is never reviewed. Besides, some of these users lack the time and properly trained staff to aggregate the thousands of hours of meaningful data that lie within them. That means they’re missing out on a wealth of powerful insights that would greatly improve your operations and bottom line.

Enter EVERYANGLE, a Dublin, Ireland-based tech startup and a provider of computer vision and machine learning platform that helps analyze CCTV footage for events of interest, without the need for human review, and customers include Mulberry, Peloton & Oxford Industries.

Since its inception three years ago, EVERYANGLE has developed strategic go-to-market partnerships enabling them to serve a range of sectors globally, including Retail, Hospitality, and Convenience Service Stations. The startup also plans to increase headcount over the next 24 months, with recruitment underway in ML, data science, software engineering, product management, and sales.

Today, EVERYANGLE announced it has €2.7 million in funding to drive expansion in the US & UK, and accelerate sales and product development. The round was co-led by Sure Valley Ventures, Act Venture Capital, and Furthr VC (formerly DBIC Ventures), with participation from Enterprise Ireland.

With the number of CCTV cameras deployed globally set to double from 1 billion to 2 billion in the next 3 years, enterprises are increasingly surrounded by oceans of video. However, less than 0.1% of CCTV video captured is ever reviewed by a human being, due to time and cost factors. EVERYANGLE’s unique platform analyses video footage rapidly and cost-effectively at scale to help retailers, hospitality providers, and fuel station operators gain rich in-store customer insights, reduce loss and optimize their operations.

Founded in 2019 by David Owens, EVERYANGLE is focused on helping retailers, hospitality venues, and convenience service stations to better understand their customers in-store, reduce loss and optimize operations through computer vision technology.

Commenting on the funding, Owens said: “We are delighted to receive this investment to launch the next phase of our growth. With the number of CCTV cameras set to grow by 100% globally, our platform is becoming ever-more critical to ensuring retailers, hospitality venues, and convenience service stations can leverage at scale all of their video data to improve the in-store customer experience, reduce theft and fraud, and deliver real operational cost savings.”

Owens added, “We’ve developed long-term partnerships with customers who trust our expertise to successfully address and solve even their most complex business problems. Having had a positive response from the market to date, particularly in the USA, we look forward to accelerating our sales, implementing our product roadmap and growing our team over the coming months.”