Swiss startup Viso has recently announced securing €8.7 million in funding to support businesses in developing and implementing computer vision applications. The funding round was led by Swisscom Ventures, with participation from existing investors such as Investiere and Zürcher Kantonalbank.
Computer vision is a rapidly growing field that focuses on enabling computers to understand and interpret visual information from images or videos. It has numerous applications across various industries, including healthcare, retail, manufacturing, and autonomous vehicles. By leveraging computer vision technology, businesses can automate processes, improve efficiency, and enhance customer experiences.
Viso aims to democratize computer vision by providing an easy-to-use platform that allows businesses to develop and deploy computer vision applications without the need for extensive technical expertise. The company’s platform offers a range of tools and pre-trained models that enable businesses to quickly build and implement computer vision solutions tailored to their specific needs.
The €8.7 million funding will be used to further enhance Viso’s platform and expand its customer base. The startup plans to invest in research and development to improve the accuracy and performance of its computer vision models. Additionally, the funding will support the recruitment of top talent to strengthen Viso’s team and accelerate its growth.
Viso has already gained traction in the market, with several notable customers, including leading retailers and manufacturers. The startup’s platform has been successfully deployed in various use cases, such as inventory management, quality control, and object recognition.
The investment from Swisscom Ventures, one of Switzerland’s largest venture capital firms, validates Viso’s potential and underscores the growing importance of computer vision technology in today’s business landscape. Swisscom Ventures’ expertise and network will undoubtedly provide valuable support to Viso as it continues to scale its operations.
The funding round also highlights the increasing interest from investors in startups that focus on artificial intelligence (AI) and machine learning (ML) technologies. Computer vision is a subset of AI and ML, and its market is projected to grow significantly in the coming years. According to a report by MarketsandMarkets, the global computer vision market is expected to reach $19.1 billion by 2025, with a compound annual growth rate of 7.8% from 2020 to 2025.
Viso’s innovative approach to democratizing computer vision technology positions it well to capitalize on this market growth. By providing businesses with an accessible platform and comprehensive support, Viso enables them to harness the power of computer vision and unlock new opportunities for growth and innovation.
In conclusion, Viso’s recent funding round of €8.7 million will enable the Swiss startup to further develop its platform and support businesses in developing and implementing computer vision applications. With the growing demand for computer vision technology across industries, Viso’s user-friendly platform and pre-trained models offer a valuable solution for businesses looking to leverage the power of visual data. As the market continues to expand, Viso is well-positioned to become a key player in the computer vision space.
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- Source Link: https://zephyrnet.com/swiss-startup-viso-raises-e8-7-million-to-help-businesses-build-and-deploy-computer-vision-applications-eu-startups/