Deep North, a Redwood City, CA and Munich, Germany-based AI company transforming video assets into custom-tailored analytics, raised $16.7 million in Series A-1 funding.
The round was co-led by Celesta Capital and Yobi Partners, with participation from Conviction Investment Partners (UK).
The company intends to use the funds to make key hires and expand services at scale.
Company: Deep North, Inc.
Raised: 16.7M
Round: Series A-1
Funding Month: October 2021
Lead Investors: Celesta Capital and Yobi Partners
Additional Investors: Conviction Investment Partners (UK)
Company Website: https://www.deepnorth.com/
Software Category: AI-based video analytics
About the Company: Led by Rohan Sanil, CEO and co-founder, Deep North is a SaaS company offering AI products capable of reading any video data from any existing or new brand of security cameras. With its AI platform, customers can retrofit existing security systems with analytics features, to track consumer behavior, purchasing habits, and more, eliminating the need to install new video hardware. The platform also is designed to work with a tablet app that displays data outside stores so customers can see current in-store occupancy and estimated wait times to decide when it is safest to enter. In addition, Deep North’s Sanitation Management solution analyzes schedules and coverage of sanitization measures as well as the total time taken for each cleaning activity.
Source: https://www.finsmes.com/2021/10/deep-north-raises-16-7m-in-series-a-1-funding.html