In today's disruptive age, Computer Vision has gained a lot of traction as it is poised to transform industries, and is making lives easier. It is an artificial intelligence technology enabling computers to understand and label images. Its use cases are video surveillance, self-driving car testing, daily medical diagnostics, and monitoring the health of crops and livestock. The computer vision market is rapidly growing as it is being progressively leveraged by different types of organizations to increase the skills of workers, automate business processes, improve efficiencies, lessen costs, among others. There are a huge number of computer vision software providers in the market.

SAN FRANCISCO, CA--(Marketwired - Mar 28, 2016) - Umbo CV, an artificial intelligence start-up and provider of event recognition systems that think and learn like humans for the professional security industry, announced that it completed a 2.8 million round of seed funding led by AppWorks Ventures. Also participating were Mesh Ventures, Fortune Global 500 Wistron Corp. and Phison Electronics. Up to now, the security industry has grappled with ways to receive real-time notifications of intruders or incidents, having tested pre-defined algorithms-based systems that failed. Umbo CV aims to solve this problem. The company has developed algorithms to link images from multiple cameras, thus giving machines a more in-depth understanding of real-time occurrences.

Umbo CV has raised a 2.8 million seed round for its security cameras, which use artificial intelligence to identify suspicious activity and prevent crimes before they happen. The Taipei- and San Francisco-based startup's funding was led by AppWorks Ventures, with participation from Mesh Ventures, Wistron Corporation, and Phison Electronics. The two-year-old startup has already shipped its system--including cameras and a cloud-based management platform--to clients in Dubai, the United States, and Europe, and will begin mass manufacturing next month. Co-founder and chief executive officer Shawn Guan says Umbo CV has also received 1.4 million in pre-orders and letters of intent from other customers. Its funding will be used for research and hiring.