May 19, 2021 06: 25 AM Eastern Daylight Time
TEL AVIV, Israel–(BUSINESS WIRE)–Visionary.ai, an AI image processing start-up, announced that it has closed a $4.5 million Seed Round led by Ibex Investors with the participation of Spring Ventures of Aviv Refuah, Capital Point of Yossi Tamar, and additional investors. Their mission is to enable high-quality digital imaging in all circumstances and conditions, and especially in situations in which visibility is currently limited (low light, fog, WDR, etc.).
Co-founders Oren Debbi (CEO) and Yoav Taieb (CTO) come with deep domain expertise in computer vision and AI. Oren has years of experience in business development and sales in the Visual AI space, and Yoav spent almost two decades pioneering algorithm development at Mobileye (Intel).
The company has developed AI based image signal processing algorithms that significantly improve on current technologies. This allows Visionary’s software to drastically improve the quality of images and videos taken from all cameras in ways that were not possible before.
The company has entered into major contracts and has a robust pipeline with major players from various sectors in both Israel and the US. According to Oren Debbi, “Visionary.ai offers camera manufacturers a new capability needed by many companies through the utilization of artificial intelligence. We are surprised and excited by the quick uptake of our technology by leading companies.”
The edge computing market CAGR is expected to reach 37% between now and 2027 which will rapidly accelerate the adoption of this new technology. Nicole Priel from Ibex Investors says ”The company’s software will have wide implications for AI on the edge and I truly believe that Visionary.ai’s ISP will become the new standard in every camera.”
Over the next year, Visonariy.ai intends to invest heavily in its product and algorithms and expand its R&D team to change how and what we see today.