AnyVision announce $28mn deal with Bosch for facial recognition technology

Israeli startup, AnyVision, has closed a $28mn deal with Bosch for facial-recognition technology, Biometric Update reports.

AnyVision agreed the deal with the Germany-based engineering giant and plans to use the funds to invest in innovation, research and development to enable the company to reach a greater number of customers.

“We built AnyVision to be a core technology that solves fundamental problems in the computer vision industry and that can operate on any sensor, any time,” said Eylon Etshtein, AnyVision’s CEO and co-founder.

“We have already proven our capabilities to the market and this funding will serve as the catalyst to make AI accessible to the world.

See more:

• JJ Churchill agree 10-year deal with Rolls-Royce worth £70mn
• Airbus and Boeing confirm rise in interest at this year’s Farnborough Airshow
• T-Mobile becomes the first US company to launch Narrowband IoT service
• Read the latest issue of Manufacturing Global here

“From smart cities to smarter businesses, AnyVision will continue to be the leader with its industry changing technology.”

Bosch Building Technologies SVP Bernhard Schuster said: “Our customers around the world are increasingly asking for ways of integrating person and object recognition software into our cameras; collaboration with AnyVision will allow us to fulfill this customer wish even better and offer an enhanced package of solutions.”

AnyVision opened its first North American Office in New York City recently and has seen the number of its employees grow to 130, having been founded in 2015.