Monday, June 27, 2022

Melbourne deep tech Black.ai raises 5.4 million in a seed a round - with cctvs , machine learning and serious brain power




Keaton, Sebastien, Karthik and Phoebe from video #ai tech company black.ai , have just raised a $5.4M Seed+ round from the likes of Jelix Ventures, Right Click Capital, R3i Ventures and In-Q-Tel (connected to the CIA)


Their seed round of $1.2m was funded by Blackbird Ventures, Right Click Capital, Pan Group, Canadian VC firm Saltagen Ventures, Macquarie Bank’s head of personal banking Ben Perham, and William Tunstall-Pedoe, who was the entrepreneur behind the voice recognition system that became Amazon’s Alexa.


The seed round was raised after completing the Sydney Startmate program in 2017, securing $75,000 in initial funding.


Black.ai are ready to scale up with the help of insightful investors including Alon Greenspan, Andrea Gardiner and Ulric Ferner bodes. 


What Black.ai does


Black.ai is a platform  that can map what’s happening pretty much anywhere in a physical environment using data from CCTVs and movement sensors. It is able to understand and generate insights about how humans interact with each other and their environment. 


Black.ai have created automated computer vision software, to let organisations watch and analyse the behaviour of their customers via cameras, and create deep technology to analyse behaviours


The deep tech ai company  started off developing and deploying its robotics and artificial intelligence solution into Australian supermarkets (identifying people ringing up the wrong vegetables at the tills!)


Technology used in many industries from mining - automating parts inspections, and automate mineral grading to health and retail! 


Black.ai wants to compete with the Amazon Go store technology, and with Google’s robotic automation technology.


Is big brother watching you? 


Click here for more information 


https://lnkd.in/dFmbA5pa


You might want to read what Malcolm Turnbull is up to in the realm of AI 


https://www.afr.com/street-talk/turnbull-s-ai-robotics-bet-taps-investors-for-blockbuster-raising-20220419-p5aegf

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