For business owners working in construction, urban planning, or infrastructure, having the ability to cut costs and improve land topography can make a big difference. Unleash live is a technology startup that has developed a set of artificial intelligence (AI) applications created for better video analysis. The company recently raised new Series A funds.
How Unleash live works and the rapid growth of business
Tech startup Unleash live has created a comprehensive selection of video analytics solutions specifically designed to provide greater insight to construction and infrastructure business owners. These company-built solutions can range from automating specific performance inspections to ensure that managed devices, such as wind turbines or telephone poles, are working properly, to offering direct knowledge and data sets on large parcels of land for the future development.
The video analytics company uses its artificial intelligence technology to provide information on factors such as the altitude and terrain of the land being surveyed, evaluating optimal locations to place planned buildings or devices, and even behavior and patterns. of travelers when images of a city will be analyzed. The tech startup can even analyze video footage in real time with live-streamed drone videos.
Unleash live has also been used by government officials to improve emergency response time management, crowd management, and city planning by finding where traffic congestion is most concentrated.
As the video analytics company continues to expand its suite of video analytics solutions, its business has expanded rapidly. Since March of last year, Unleash live has grown by more than 500%. Additionally, Unleash live has now analyzed more than 30 million minutes of video footage using its artificial intelligence software.
The growth of the business is largely attributed to the approach taken by many business owners who began to find new ways to remotely analyze certain aspects of their work. The tech startup is now used by a number of different business owners and city governments to help cut costs and improve remote and video tools.
Unleash the Live Funding Round and Future Plans
In its Series A funding round, Unleash Live raised $ 8 million in equity. The funding round was led by SafetyCulture with the participation of smaller investors and venture capital firms. Unleash live has raised a total of $ 10.7 million.
The tech startup plans to use this new funding to build a larger team of employees in the United States (US) and dramatically expand its selection of AI applications to increase its capabilities and offerings to business owners. In addition, the company will continue to invest in its continuous technology and improve current solutions offered to its customer base.
Commenting on the growth of the tech startup and the latest round of funding, Unleash live co-founder and CEO Hanno Blankenstein said: “A growing number of companies are now using Unleash live to overcome the challenges of keeping assets distributed and keeping employees out of harm’s way. Remote monitoring and machine learning assisted inspections will continue to be critical when the pandemic ends because many organizations have realized that there is a significant opportunity to improve the way they operate. They will continue to apply these learnings and seek new ways to incorporate them into your business. “
