Central regions | Finance, business | Technology & innovation

VisionLabs gets $5.3m to enhance face recognition expertise

3 Aug '16
VisionLabs, a Russian expert in computer vision and machine learning, has just raised $5.3m in investment from Sistema Venture Capital, a Russian corporate VC fund. The fund has acquired 25% of this young company currently valued at $21+m, the Skolkovo Foundation announced. VisionLabs is a resident of the Skolkovo innovation hub just outside Moscow.

According to VisionLabs CEO Alexander Khanin, this is the first time a venture fund invests in his company. Earlier funding came from acceleration programs and the founders own pockets.

VisionLabs wants to funnel the new money into further development of its proprietary face recognition and analysis technology, and also has international expansion plans. Foreign markets are focal for VisionLabs, the CEO said, as the Russian market is interesting but, unfortunately, not so large.

VisionLabs is working on new software solutions and services based on computer vision and machine learning technology. Its flagship product, the VisionLabs LUNA face recognition platform, enables real-time analysis of colossal volumes of photo and video data for recognizing people and matching their face images with those in multimillion entry databases.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: face recognition (6) / investment (543) / VisionLabs (3) / Sistema Venture Capital (0) /

Latest News: Central regions
17 Aug '17 | Transport, logistics
16 Aug '17 | Technology & innovation
15 Aug '17 | Finance, business | Technology & innovation
14 Aug '17 | Industry, manufacturing | Technology & innovation
 

Feature stories

26 Jul '17
Scientists at Tomsk Polytechnic (TPU) in Siberia have...
20 Jun '17
In regions most of European Russians will hardly ever...
17 May '17
Russian biologists and biophysicists are said to have...
Search (News archive - 21132)
Advertising
RB_Partners_Venture_Report2016
Advertising
Why Russians do not smile
Advertising
Nano & Giga Symposium
Advertising
UNN

Latest News

18 Aug '17
Super-hard and durable glass ceramics is being...
17 Aug '17
Scientists at MISiS, a top Moscow-based technology...
16 Aug '17
The Russian Security Council later this year plans to...

Most read stories from last week

18 Aug '17
Super-hard and durable glass ceramics is being...
17 Aug '17
Scientists at MISiS, a top Moscow-based technology...
16 Aug '17
The Russian Security Council later this year plans to...