XXII, a Paris, France-based AI computer vision company that provides AI video analysis solutions, raised €22 million in Series A funding.
The round was led by Fonds Innovation Défense, 574 Invest, CIB Développement, Techmind, Kima Ventures, and the Duval Group.
The funds will be used to maintain its position as a market leader in computer vision with R&D and recruiting new talent, mass deploy its technology and address new markets and speed up international development in the US, Europe, and the Middle East
XXII is a provider of a SaaS platform for the deployment and configuration of video stream analysis algorithms (XXIICORE) that enables operational teams to control and optimize their activities in the field for faster and more efficient decision-making.
Company: XXII Group
Raised: €22.0M
Round: Series A
Funding Month: March 2023
Lead Investors: Fonds Innovation Défense, 574 Invest, CIB Développement, Techmind, Kima Ventures, and the Duval Group
Additional Investors:
Company Website: https://www.xxii.fr/
Software Category: Video Surveillance Software
About the Company: Founded in 2015 by William Eldin and Dam Mulhem, and winner of the French Tech DeepNum20 program, XXII designs, develops, and markets a SaaS platform for deploying and configuring algorithms for analyzing video streams: XXIICORE. Already deployed in many cities and private sites, XXII CORE allows operational teams to control and optimize their actions in the field for faster and more efficient decision-making. Both nationally and internationally, XXII intends to democratize the use of vision technologies by professionals and communities with a clear objective: To increase the human being and his senses. The company has more than 70 employees.
Source: https://www.finsmes.com/2023/03/xxii-raises-e22m-in-series-a-funding.html