Computer Vision Startup Funded to Tap Retail Security Cameras – IoT World Today

Deep North, a California startup that uses artificial intelligence (AI) with computer vision to analyze video from security cameras, has raised $17 million in series A funding round.
The financing was led by Celesta Capital and Yobi Partners with participation from Conviction Investment Partners. The investment is aimed at scaling the business.
Custom Analytics
The Deep North platform uses computer vision to identify customer behavior in retail outlets such as grocery stores, fashion outlets, shopping malls and quick service restaurants (QSR).
Companies can use the software to analyze security footage from their premises, predicting customer footfall at specific times or how long is spent waiting for each order.
The Deep North platform also has mask detection capabilities to retailers can monitor large crowds and receive real-time alerts.
“We are convinced that the physical world will be digitized in the next decade to provide the same actionable insights as we see in the online world,” said Tom Nijm, founder and chief executive of Yobi Partners.
Value across Verticals
The funding is the latest in a string of announcements from computer vision providers aimed at the enterprise.
Cameras and other connected devices like drones support image recognition across multiple vertical industries, identifying people or objects for the purposes of automating quality control, health and safety and claims appraisals.
Pure-play computer vision was expected to account for $52 billion in cumulative revenues from 2019 to 2025, according to research firm Omdia. Including data analytics, Omdia expects computer vision will net an additional $51 billion in that period.
-or-
Log in with your IoT World Today account
Alternatively, post a comment by completing the form below:
Your email address will not be published. Required fields are marked *




This site uses Akismet to reduce spam. Learn how your comment data is processed.
Get a taste of what to expect at the @IoTWorldSeries & The #AI Summit Silicon Valley this November! Check out the… twitter.com/i/web/status/1…
Secure your pass for the @IoTWorldSeries 2021. Working with the #AISummit, we’re creating the home of connected int… twitter.com/i/web/status/1…
FedEx, PepsiCo, Amazon, Ford Headline IoT World Silicon Valley #IoT dlvr.it/SBNWxc https://t.co/O5o4VEVFCP
Tesla delays advanced driver features #IoT dlvr.it/SBNWsk https://t.co/x4Qy2MBgLW
The IoT Awards are now open for voting! Taking place as part of @IoTWorldSeries Silicon Valley this November, you… twitter.com/i/web/status/1…
The IoT Awards are now open for voting! Taking place as part of @IoTWorldSeries Silicon Valley this November, vot… twitter.com/i/web/status/1…
Secure your pass for IoT World 2021. Working with the #AISummit, we’re creating the home of connected intelligence.… twitter.com/i/web/status/1…
The #AISummit and @IoTWorldSeries Silicon Valley are joining forces this November, where we will be exploring the w… twitter.com/i/web/status/1…
Sign up for IoT World Today newsletters: vertical industry coverage on Tuesdays and horizontal tech coverage on Thursdays.
Our Special Reports take an in-depth look at key topics within the IoT space. Download our latest reports.
Find the latest white papers and other resources from selected vendors.
Want to reach our audience? Access our media kit.

source