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XXII Raises $24M to Develop AI Computer Vision

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Computer vision technology startup XXII has raised €22 million ($24 million) in a series A funding round led by Fonds Innovation Défense. XXII intends to use the funding for R&D, talent recruitment, commercialization, and addressing new markets and international development in the U.S., Europe, and the Middle East. XXII is developing a real-time video stream analysis solution using artificial intelligence. The latest funding follows a €1.5 million seed funding round in 2020.Read full article

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    Vision-Spectra.com
    Apr 2023
    GLOSSARY
    machine vision
    Interpretation of an image of an object or scene through the use of optical noncontact sensing mechanisms for the purpose of obtaining information and/or controlling machines or processes.
    video
    Referring to the bandwidth and spectrum location of the signal produced by television or radar scanning.
    artificial intelligence
    The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning and problem solving.
    Businessmachine visioncomputer visionSoftwareVideoanalysisstreamAIartificial intelligencestartupfundingfundraisingEurope

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