Visionary.ai gets funding for video enhancement tech
Visionary.ai has received a multi-million-dollar investment from National Grid Partners for its real-time video enhancement technology.
The Israeli start-up’s AI technology enables cameras to operate in low-light environments, in real time, and in colour, all while maintaining picture sharpness.
In addition, Visionary.ai has developed a software image signal processor, which can adapt image processing to the needs of particular applications.
Oren Debbi, CEO and Co-Founder of Visionary.ai, commented: “The need for better real-time video clearly resonates across both human and machine vision applications. Our engineering team has made incredible progress over the last 18 months, and our first products are now production-ready. This investment from National Grid Partners will enable us to build on this foundation and expand the range of solutions we can offer our customers.”
National Grid Partners is the venture investment and innovation arm of National Grid plc, one of the world's largest investor-owned energy companies.
Lisa Lambert, Chief Technology and Innovation Officer at National Grid and Founder and President of National Grid Partners, said: “Electricity grids by their nature incorporate many geographically distributed assets that need to be monitored for safety, security and signs of damage or malfunction. The transition to renewable energy sources drives this distribution of assets even further. Vision is critical to monitoring these assets, and cameras need to be dependable in all lighting and weather conditions. The technology that Visionary.ai is developing can help with the need for increased security of electricity supply and the battle against climate change.”
Image: Shutterstock/Natee Meepian