After partnering with Facebook and Google, Russian startup VisionLabs raises $5.5 million from Sistema’s corporate fund
The fund received a 25% stake, valuing the startup at 1.4 billion rubles ($21.5 million)
Jul 22, 2016
VisionLabs, a Russian startup specializing in facial recognition, data analysis and robotics, announced today that it has secured 350 million rubles ($5.5 million at the current exchange rate) from Sistema Venture Capital. The fund received a 25% stake, valuing the startup at 1.4 billion rubles ($21.5 million).
Founded in 2012, VisionLabs has developed a software package, named ‘Luna,’ which allows businesses to "verify and identify customers instantly" based on photo or video images, thanks to Luna’s "unique quality and performance pattern recognition technology" (see demo).
Although Luna was intended primarily for banks and retail chains, it may also be applied to ad personalization, user identification in Internet-of-Things projects, medicine, transportation, virtual and augmented reality, according to Sistema Venture Capital President Alexey Katkov.
Another VisionLabs solution, "Face_IS," allows retailers to make personalized offers to customers whose faces have been recognized.
Founded in 2012, VisionLabs has developed a software package, named ‘Luna,’ which allows businesses to "verify and identify customers instantly" based on photo or video images, thanks to Luna’s "unique quality and performance pattern recognition technology" (see demo).
Although Luna was intended primarily for banks and retail chains, it may also be applied to ad personalization, user identification in Internet-of-Things projects, medicine, transportation, virtual and augmented reality, according to Sistema Venture Capital President Alexey Katkov.
Another VisionLabs solution, "Face_IS," allows retailers to make personalized offers to customers whose faces have been recognized.