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Umbo Computer Vision raises $8 million for AI-powered video security
Umbo Computer Vision, an artificial intelligence (AI) startup that offers autonomous video security systems to businesses, has raised $8 million in what it's calling a "post-A" round of funding. The round was co-led by Translink Capital and Susquehanna International Group, with participation from Shin-Kong Capital and Shin-Kong Security, among other existing investors. Founded in 2014, Taiwan- and San Francisco-based Umbo develops software, hardware, and AI smarts that can detect and identify human behaviors related to security, such as intrusion, tailgating (when an unauthorized individual follows someone into private premises), and wall-scaling. In addition to its hubs in Taipei, Taiwan and San Francisco, Umbo recently opened its first European office in the U.K., a country renowned for its love affair with security cameras. Umbo's offering incorporates three components.
Umbo Computer Vision Receives $8M
Umbo Computer Vision, an artificial intelligence company that specializes in autonomous video security, announced today that it's raised an $8 million post-A round, bringing funding to a total of $17.6 million to date. This round was co-led by Translink Capital and Susquehanna International Group. Shin-Kong Capital and Shin-Kong Security (TSEC:9925), one of Asia's largest security alarm companies, also joined as strategic investors, with continued participation by earlier investors. Umbo will use the investment to help accelerate its global sales expansion and improve its portfolio of AI-powered security products - Light, TruePlatform and Umbo AiCameras. Umbo Light is a fast learning A.I. that recognizes human behaviors critical to security such as intrusion, tailgating, occupancy and wall scaling.