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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.

Vision-Spectra.com
Apr 2023
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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.
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