Viisights Insolvency, Rehabilitation, And Acquisition Plans
Viisights is one of just a few video analytics companies focusing on "behavioral" analytics, most notably fighting or what they call "violence recognition."
However, the Israeli company is facing financial difficulties. We spoke to the CEO, Asaf Birenzvieg, about the problems and their plan to overcome them.
*** **********, ****** **** ************* **** ******* ***** ************ ** IPVM.
Executive *******
*******, ** ******* ********* ** ** a ********* ******** ******* ** ********** in ***** ****** *******, **** ***** of *********** ********* *******, *** *** not *** ***** * *****.
********* *** **** **** **** ** complete ** *&* ******* ** *** coming ****** *** **** **** **** very ****** **********, ********* ****-********, **** lowers *** ***** ******** **** ** close ** ****. ** ********** ***** to **** ********* **** *** **** two *****, *** **** **** ******* excuses ** ** *** *** ********* in ***** ********** ******* ** **** and *** ******* ********** ** **** difficult ********* *******.
**********
********* **** ***** ******* ***** **** ~100% ******* **** *** **** *** that **** *** ** *** ***-*** single-digit ******** ** *******. ***** ********* companies **** ********* ********* ** **** into **** ** ******** ** ****** revenue.
M&A *******
********* **** **** ********* ** *&* process **** **** ******* ** ******** Capital *** **** **** *** ***** interest, *** *** ******* *** *** of ***** ****** ** ********* ***** be *******. **** *** *** **** plan ** ******** *** *&* ******* in *** ****** ******.
*** ******* ******** ** *** *** of * ***** ***** **** ********* have ** **? *** *******,*****.*** ******** ****** *** **** $*.* million**** ****.
Current ******* *****
********* **** **** "******** ** ******* support ** ******** ********* *** ** not ********* *** ********* ***** *** situation ** ********."
**************
********* ** ** "**************" ***, ***** is ******* *** ****** ********** ** the ** ******* ** ********** ***** companies ********** *****.
*** ******* ********* **** **** ******* ~$2.5 ******* ** *********** *****.
Their ***** ***********
*** *******'* *** ******* *** ********* pitch ** *** *********:
********* *** ***** *** ***** **********-*********** real-time ********** *********** ***** ********* ******* which ****** ****************** ********, ****** *** ***********-******. **** is ****** ***** ** ***** ** viisights’ ****** *****-************* ******* ******** **********. Any ***** ****** ** *** ****** which ** ******* ** ******* *********** edge *************** *** *** ** *** customers (**** *** *** ***** ********** in ***** *****.) ****** ******** *********
********* *** ***** ************* ******* **** a **** ****** ********** ***** **** decisions ***** ** ******** ** ******, and ** **** *** **** ********. However, *** ***** ********* ** ****-**** video ********* ****** ** ***** *********. As ****, *********’ **** ***** ** self-learning ********** ,********* **,**** ****** *** ***** ******** **** to ***** ** ****.
*****, ******* **** ******* ** **** testing *** ******* ** **** **** market ******* ** ********** *************** *********, we ***** ***** ******* ** ********** their ******.
Video ********* ****** **********
** ***** ********* *** ******** ** the ************ *** ***** ********* ****** is ************. ** ********* ** *********** a **** ** ****** *** *** cost ** ******* ** ********:
*** ***** ********* ****** ** *********. The **** ****** ** **** *** demand ***’* ***** *** – **** is ********* ** – *** ******** of *** ****** ** ***** ******* for *** ***** ******** ****** ******** (i.e. *******, ***, **** ***.) *** relate ** ***** ********* ** ******** add-on. ** *** **** ** **** seen * ****** ****** *** ******** video ********* ******* **** ***-*********** *** today *** **** ******* ***** ** significantly ******* ** *** ****** ****** detection ****** ** *** **. *** second ****** ** **** ** ** very *********, ********* *** **** ********* for ******* ********* ** ***** ******* sales ******** ** *** ******** ******** industry.
** ** ***** **** ** ** difficult *** ********* ******** ** **** market ***** ** **** *********** ******* in ******* *** ***** ********** ******** the ********** ** ******* *********** **** as ********* **** ******** **.
*******, ** ** *** ***** **** demand ** *** ***** ***. **** for ******** *********, ***** ******* ******, but ***** ** ********** *** ** a *** **** ** ********* ***** limitations ** *** ***** ** ********** and, ** ********'* *****, ** * standalone ******* **********.
*********, ********* ** *** **** *** behavioral / ******** / ******** ********* truly *****, ***** ** * ****** complement ** ******* *** ****** ****** / ******** **********.
*********, ********* ** *** **** *** behavioral / ******** / ******** ********* truly *****, ***** ** * ****** complement ** ******* *** ****** ****** / ******** **********.
“*********” “**********”. *** *****. ****** **** anomaly ********* ** ** ****.
****** *** *** ***** ******* *** complementary ********* *** ** *** ******** requires ******** ************* **’* ********* ** longer ***** *****.
***. * ** *** *** ***** this "******** *********" **** ** *** market ** *********, **** ** ******* have ***** ********** ** *** **** tool. * *** **** **** ***** in "******* *********" ********* **** **** that *** ** ********** **** ********* of ***** ***** ** *****. **** crouching *******, ***-******* *******, ** "*** down" ******* (******* ***** ** *** floor).
**** *** ** ****** ** ** many ***** ******** ****** ******* **** our **** ***** ****. * ***'* fully ********** *** ***** ** **** determines *** ******** ** **** **, but * ***** ****** **** ** AI ******* ** ********* "********" ********* that *** **** * *********** ** danger, **** ** ** **** ******* violence ** ** ** *********.
* ** *** *** ******** **** their *******, ** * ** ** no ***** ********* ** ********* *** value ***** ** *** *******-***** ******** I've ****. *** **** **** *'** read, ** ** ****** **** *********** what **** ** ********/****** ** ***** committed. **** *** ******* ** ***** site ***** *** *********** ******* **** at **** *****, *** ********* **** recognized *** ** **** ** ******* a ***. *'* **** **** *** be *** * ****** ** *******, but ** ** ***** * **** to ******** ***** ********* ** ******* and ****.
* ***** ********* **** ****** *** trace *** ***** ** ** ********** would ** **** **********, *********, ** see ***** ******** *********. *** *******- with *** ******, ** ****** ***** organized ********* *** **** ******* ** disguising *** ******** ** *** ****** to **** *****. *** **** ******** you ***** ******** *** ** ***** this ***** ** * **** *********. If ** **** *** ***** *** vehicle **** **** **** ******* *******/********, it ****** ********* ******* ** ***** to ***** ******** ********.
**** ********* ** ** **** **** about *** ***** ** *****. ***** it ***** ******* **** * ** not ************* *********. *** *** *** tried ** **** ***** *********, *** they **** **** *******. **** **** mean *** ****** *** **** ********* with *******, ** *** **** **** not ******* *** **** ****** ** the ********* *** *******?
*** **** **** *** ******* *** with ****** ** *** ********* *** testing?
***, **** ***** *** ******* **.
********* ******** ** ************* ******* **** violence-recognition , *** ***** ** *** who ***** **** ** ***** **** about *** ********** *** ******* ******** I ********* ** ******** ********** *****.
*** **** *** **** ***** **“*****”****** ******** ********* **** *********-********** ** considered ***.
********* **** ******* *******–** * ** *** ******** *** first ******* *** ******* * **** ago ** ***** ********. ** ******* *** ****** *** focus ** *** *** *** ******** success **** *** *** ******* ***** on *&* *******.
******, ***** ** * *** ** demand *** ********** *********, *** *** challenge *** **** ******* *** ******** remotely ***** ** ******* **** ** a ****** **** ***** **** *** channel ***** ******** ** *** ******** industry. ********* ***** **** ** *** for * ****-********* *** ******** ********, but **** ***'* ***** ***.