AnyVision Raises $235M for Access Point AI-Based Physical Security

The $235 million investment in recognition AI company AnyVision by SoftBank Vision Fund 2 as well as Eldridge and existing investors represents “one of the largest funding rounds in the visual intelligence space in western markets,” according to a joint announcement.

This influx of cash comes as PYMNTS research shows more than three-quarters of millennials are comfortable with selfie-based identity verification, saying it increases the loyalty and trust they feel with the merchant.

AnyVision will use the funds on edge computing products and its Access Point AI for touchless access control, video surveillance and watchlist alerting. Access Point AI also helps with occupancy analytics, people counting and dwell times and can flag dangerous behavior.

AnyVision is “pioneering new data privacy measures that not only comply with privacy regulations, but also equip enterprise customers with necessary tools to address their evolving privacy needs,” according to the announcement Wednesday (July 7).

This includes bystander blurring, dynamic data retention times and limits to the storing of data for individuals not listed within an organization’s watchlist.

The Access Point AI platform is “designed to protect people, places, and privacy while simultaneously reducing costs, power, bandwidth, and operational complexity,” said AnyVision CEO Avi Golan in the company announcement, and allows for “a more holistic view of advanced security threats.”

The new funding will allow AnyVision to integrate software development kits and software onto edge-devices such as smart cameras, bodycams and chips, improving video analytics systems with respect to speed, security, affordability, flexibility and versatility.

AnyVision will also use the funding to expand into new markets and fuel its biometrics channel program across financial services, gaming, stadiums, education, critical infrastructure, healthcare and manufacturing/distribution verticals.