viisights

Company Overview

Snapshot

Founded in July 2014 by Asaf Birenzvieg, Menashe Rothschild, Amjad Akkawi, and Simon Polak, viisights operates with 1–10 employees. The company has raised $21.2 million across 3 funding rounds from 9 investors. In February 2022, viisights secured additional funding, with HIVE 2040 leading the round.

Business overview

viisights develops video analytics intelligence systems that leverage deep video-understanding technology for security and surveillance applications. The company's solutions are designed for safe and smart cities, smart businesses, infrastructure, and public safety. Its technology processes and understands video content from surveillance cameras and sensors in near-real time, providing intelligence, insights, and alerts for various actions, events, and scenes of interest. viisights operates within the Aerospace, Defense & HLS sector, focusing on Security & Surveillance Integration, and also addresses the Automotive & Mobility Technologies sector with autonomous and connected solutions.

Strategic signal

In December 2023, viisights faced financial challenges, accumulating debts of 9 million shekels and requesting a stay of proceedings, citing the general situation. This indicates a significant operational and financial inflection point for the company, suggesting a need for restructuring or a strategic pivot to address its liabilities and ensure future viability.

Company Intelligence Q&A

What is viisights' core technology?

viisights provides video analytics intelligence systems that leverage deep video-understanding technology, including artificial intelligence, machine learning, and computer vision, to process and understand video content from surveillance cameras and sensors.

When was viisights founded and by whom?

viisights was founded in July 2014 by Asaf Birenzvieg, Menashe Rothschild, Amjad Akkawi, and Simon Polak.

What was a significant recognition viisights received in its early years?

In September 2018, viisights was named a Cool Vendor in AI for Computer Vision: Balance Business Risk and Reward by the Gartner Research Group.

Which investors participated in viisights' February 2022 funding round?

In February 2022, viisights secured additional funding, with HIVE 2040 leading the round, and Migdal Insurance and Financial Holdings also participating.

What recent financial challenge did viisights encounter?

In December 2023, viisights accumulated debts of 9 million shekels and requested a stay of proceedings due to its financial situation.