EVERYANGLE secures €2.7m to expand its computer vision platform in the US and UK
The funding round was co-led by Sure Valley Ventures, Act Venture Capital, and Furthr VC.
≈ £2.3M at €1 = £0.8621 on 31 Oct 2022
Dublin-based computer vision startup offering video analytics software for retailers and hospitality venues.
Dublin-based computer vision startup EVERYANGLE has raised €2.7m in funding from Sure Valley Ventures, Act Venture Capital, Furthr VC, and Enterprise Ireland.
The capital will be deployed to accelerate sales, fund product development, and expand operations in the US and UK markets. The firm also plans to increase its headcount over the next two years across engineering, product, and sales roles.
The investment round was co-led by Sure Valley Ventures, Act Venture Capital, and Furthr VC, with additional backing from state agency Enterprise Ireland.
From the founder
"We’ve developed long-term partnerships with customers who trust our expertise to successfully address and solve even their most complex business problems. Having had a positive response from the market to date, particularly in the USA, we look forward to accelerating our sales, implementing our product roadmap and growing our team over the coming months."
David Owens
CEO at EVERYANGLE
Investor perspective
"This is an exciting business with international ambitions. We are delighted to support the EVERYANGLE team in tackling the growing challenges of better understanding in-store customer behaviour, improving loss prevention, and delivering operational cost efficiencies. EVERYANGLE fits ideally with our goal to back companies which have exciting potential to disrupt industries and scale up, and in doing so, deliver robust returns for the economy and society at large, the founders and their team."
Isabelle O’Keeffe
Partner, Sure Valley Ventures
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
- 03Expand into international markets
- 04Grow the team
Investors
Isabelle O’Keeffe
Sure Valley Ventures
Debbie Rennick
Act Venture Capital
Richard Watson
Furthr
Enterprise Ireland
About the company
EVERYANGLE
Computer vision software that analyses CCTV footage for retailers and hospitality venues.