London's Crowd Vision Closes New Funding Round
Submitted by Jennifer L. Schenker on July 30, 2012
London-based crowd analytics software specialist, Crowd Vision announced July 30 that it has closed a "substantial" funding round with participation from a syndicate of London Business Angels Investors and the Angel Cofund. The amount raised was not specified. The company said the money will enable the business to expand international sales activities and execute product development plans.
Crowd Vision makes a software product that extracts crowd insights from video feeds in busy locations, enabling customers to understand and intervene in their crowds. The software has already been deployed at scale in Mecca where it helps to keep millions of pilgrims safe as they attend the Hajj. Beyond crowd safety it can provide accurate crowd counts, improve pedestrian flows and help businesses optimise their operations based on live and accurate crowding data.
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About Informilo founder and editor-in-chief
Jennifer L. Schenker has been covering technology outside the U.S for 23 years, most recently for BusinessWeek. She has also worked full-time for the Wall Street Journal Europe, Time Magazine, International Herald Tribune and Red Herring.
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