VisionLabs attracts investments worth of 350 mln RUR
VisionLabs, a world-leading developer of visual recognition technologies and the finalist of the federal accelerator GenerationS 2015, has attracted the investments worth of 250 mln. RUR from the capital venture fund Sistema Venture Capital. The deal brought the fund 25 % of VisionLabs assets while its overall assessment was 1.4 billion rubles
According to Alexander Khanin, the founder and CEO of VisionLabs , the investments will be used for developing in-house facial recognition technologies and bringing the company to international markets.
VisionLabs is a global leader in the field of computer vision and machine learning. They develop face recognition software and cloud solutions for finance, retail, video surveillance and security sectors. VisionLabs flagship products are VisionLabs LUNA system, which is used to identify and verify customers of bank institutions and retailers, and the cloud service Face_iS, capable of recognizing customers' faces in real-time mode and associating their images with prior purchase and brand communication history. Since 2014 VisionLabs technology has been used in interbank face recognition system to counteract credit fraud. Over 20 banking institutions are connected to the system . The company is currently developing pilot products in collaboration with Intel, Cisco and Deutsche Telecom.
In 2015 VisionLabs reached the final of the Robotics track as part of the federal start-up accelerator GenerationS, organized by RVC. At the end of the accelerator the company secured funding form the track operator, Moscow Institute of Technology, and was awarded a special prize of Bank VTB24.
During the official launch of GenerationS 2016, which took place in Moscow on July 7, VisionLabs co-founder Aleksey Nekhaev accentuated on the importance of RVC acceleration programs for start-ups: "Today I am here to speak with new participants about how useful this program is for a developing start-up and demonstrate from personal experience those accomplishments that can be achieved by cooperating with one of the best development institutions in Russia".
"VisionLabs is the perfect example of successfully commercialized technology, which is now in great demand both on national and global markets. VisionLabs team sets news standards for a national start-up and I hope to see these standards implemented in new projects as often as possible. Former corporate employees, they teamed up within the walls of Skolkovo business school and over time managed to forge close links with various government support organizations: RVC, FASIE (Fund for Assistance to Small Innovative Enterprises in Science and Technology), IIDF (Internet Initiatives Development Fund ), Skolkovo Fund. This is the right example of how experience, leadership ambitions and cooperativeness help achieve excellent results", – said Gulnara Bikkulova, Deputy CEO RVC, RVC Development Director and GenerationS ideologist.
