viisights Secures $10 Million in Additional Funding
viisights, a developer of behavioral recognition video analytics with video understanding technology for real-time video intelligence, today announced a $10 million fundraising round led by Israeli VC Hive2040, with the participation of Migdal Insurance and existing investors headed by Firstime Ventures.
viisights will use the proceeds from the fundraising to expand its marketing and sales organization, and to further enhance its product portfolio with new safety capabilities designed primarily for factories, industrial areas, and logistic centers. viisights is planning to expand its fundraising further to establish the company’s core product WISE as a SaaS (Software as a Service) business model.