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Xxii Accelerating Video Analysis With Raise €22 Million In Series A

Mar 24, 2023over 2 years ago

Amount Raised

€22 Million

Round Type

series a

Puteaux

Investors

Duval GroupKima VenturesTechmindCib Développement574 InvestBpifranceFonds Innovation Défense

Description

French AI-powered computer vision firm XXII has announced a €22 million Series A with plans to expand its international and domestic markets - US, Europe and the Middle East - and accelerate recruitment.

Company Information

Company

XXII

Location

Puteaux, Ile De France, France

About

Founded in 2015 by William Eldin and Dam Mulhem, and winner of the French Tech DeepNum20 program , XXII is a French leader in computer vision software publishing. With more than 50 employees, 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, XXIICOREallows 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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech