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Ireland-based computer vision CCTV startup snaps €2.7M funding: How does it help retailers?

Image credits: EVERYANGLE

Dublin-based EVERYANGLE, a computer vision startup, has secured €2.7 million in funding. The investment round was co-led by Sure Valley Ventures, Act Venture Capital, and Furthr VC (that invested in Ronspot) and with participation from Enterprise Ireland.

Expansion and growth plans

EVERYANGLE will use the investment to accelerate sales, invest in ongoing product development and drive further expansion in the US and UK. In addition, the company plans to increase headcount over the next 24 months, with recruitment underway for key hires in machine learning, data science, software engineering, product management and sales.

EVERYANGLE CEO David Owens commented: “We’ve developed long-term partnerships with customers who trust our expertise to successfully address and solve even their most complex business problems. Having had a positive response from the market to date, particularly in the USA, we look forward to accelerating our sales, implementing our product roadmap and growing our team over the coming months.”

Isabelle O’Keeffe, Partner at Sure Valley Ventures commented: “This is an exciting business with international ambitions. We are delighted to support the EVERYANGLE team in tackling the growing challenges of better understanding in-store customer behaviour, improving loss prevention, and delivering operational cost efficiencies. EVERYANGLE fits ideally with our goal to back companies which have exciting potential to disrupt industries and scale up, and in doing so, deliver robust returns for the economy and society at large, the founders and their team.”

Debbie Rennick, General Partner at Act Venture Capital commented: “We are delighted to support David and his team to accelerate their international growth. EVERYANGLE has a great technology platform with multiple applications providing strong business benefits for its customers. The market opportunity is very large and growing rapidly; they have an exciting future.”

Richard Watson, Managing Partner at Furthr VC commented: “The level of participation by three VCs in the investment round in EVERYANGLE underlines the strength and depth of their team, the level of sophistication of the EVERYANGLE platform and the size of the global opportunity. We are highly impressed by the management team and look forward to working closely with them in scaling the business.”

Analyses CCTV footage with computer vision

Founded by David Owens in 2019 in Dublin, EVERYANGLE is focused on helping retailers, hospitality venues and convenience service stations to better understand their customers in-store, reduce loss and optimise operations through computer vision technology. Its platform uses computer vision and machine learning to analyse CCTV footage for events of interest, without the need for human review.

EVERYANGLE’s unique platform analyses video footage rapidly and cost effectively at-scale to help retailers, hospitality providers and fuel station operators gain rich in-store customer insights, reduce loss and optimise their operations.

EVERYANGLE has developed strategic go-to-market partnerships enabling them to serve a range of sectors globally, including Retail, Hospitality, and Convenience Service Stations. Its customers include Mulberry, Peloton & Oxford Industries.

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