Sophia: Videtics raises €2 million in deep learning video analysis | WebtimeMedias

The young shoot from Sophia, which has become a leader in real-time video analysis by Artificial Intelligence, announces the raising of €2 million from several investors and BPI France to accelerate its growth and recruit. Good news the day before the WAICF in Cannes in which she participates.

For the Videtics start-up in Sophia Antipolis, good news announced the day before the opening of the WAICF in which it is participating: a specialist in video analysis by deep learning, it has succeeded, to accelerate its growth, in raising 2 million euros from several investors and BPI France. Created in 2019 by three former students of Polytech Nice Sophia (Alexandre Reboul, the eldest, Alan Ferbach and Pierre-Alexis Le Borgne), the company has developed a software solution, Videtics Perceptionmaking it possible to analyze camera streams in order to retransmit relevant information in real time for operators and infrastructure managers. (Photo DR: the management team with from left to right Pierre-Alexis Le Borgne, Alan Ferbach, Denis Seguin and Alexandre Reboul).

Facing up to the challenges of the Rugby World Cup and the Paris Olympics

This software suite meets the challenges of overcrowding and intense road traffic in our cities as well as the challenges of modernizing industrial sites for the protection of personnel and equipment. The fundraising of 2 million euros will allow the start-up from the Côte d’Azur to continue developing its technologies to meet the challenges of major sporting events to come such as the 2023 Rugby World Cup and the 2024 Olympic Games which will will be held in Paris.

Thanks to video analysis by artificial intelligence, the Videtics Perception device is able to trace valuable data in real time in order to guarantee a detailed understanding of the use of the city’s infrastructures and buildings. To support its development and technological progress, the team has surrounded itself with many key partners. Videtics is notably part of the Start-It-Up program launched by the Interdisciplinary Institute of Artificial Intelligence “3IA Côte d’Azur” which strengthens its relations with research institutes.

Recently, a partnership with Azur Soft, the European leader in remote surveillance software publishing, was announced. AzurSoft has thus developed MyVideoAnalytics based on V-Perception, the artificial intelligence video analysis solution designed by Videtics. Through this collaboration, the young Côte d’Azur company will be able to quickly deploy its algorithms in the remote surveillance sector.

Go from 12 to 25 employees by the end of the year

In the continuity of its investment in Smart Cities, the start-up has also begun its expansion into the Smart Building market with a new structuring project in Morocco where it analyzes the 160 cameras of the Mohammed VI University in Ben Guérir in order to reduce the energy consumption of the building.

The fundraising will also support the growth of its teams and skills. Videtics, which currently has 12 employees, will surround itself with new talents to reach a workforce of 25 employees by the end of 2022, mainly developers and project managers. Recruitment has already started with a commercial reinforcement in the Paris region to continue the development of its sales force and the arrival of two annotators and a developer who come to structure the team. More to come soon.

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Sophia: Videtics raises €2 million in deep learning video analysis | WebtimeMedias

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