ViD has developed video analytics technology ARVAS, which can work on almost any camera scene and imposes little additional demand or changes to the existing systems

Vi Dimensions (ViD), an Artificial Intelligence-based security and surveillance tech company in Singapore, announced today it has secured a S$1 million (US$730,000) in Series AA round from DeClout Ventures, a group of partners from a leading Asian hedge fund, as well as existing investor Tembusu ICT Fund I.

This investment will enable ViD to continue and further accelerate its business expansion plans in the US and Europe.

In a press statement, the company has also announced that it has received Singapore Infocomm Media Development Authority (IMDA) accreditation. According to ViD, this gives confidence to both government and enterprise buyers on its product core functionalities and performance.

Founded in 2015, ViD aims to revolutionise the surveillance industry in terms of providing a better way of monitoring CCTV cameras to detect abnormal events and behaviours. The firm has developed video analytics technology ARVAS, which, unlike facial recognition or other conventional video analytic systems, can work on almost any camera scene and imposes little additional demand or changes to the existing systems.

In addition, ARVAS does not require users to define any rules for anomaly detection. This self-learning, plug-and-play ease of deployment ability allows for massive scaling on thousands of cameras in a city surveillance. The company claims that ARVAS has also demonstrated up to 10 times reduction in hardware costs compared to similar deployments using AI and deep learning.

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“Very early on, we knew our unique technology would differentiate in both the domestic and overseas surveillance markets. The true capabilities of ARVAS are best demonstrated in large command centres and the new funds will allow us greater reach to these overseas customers with massive camera counts,” said Raymond Looi, Co-founder and CEO of ViD.

“We want to be the first company to run self-learning anomaly detection analytics on thousands of surveillance cameras globally, being the first line of defence towards achieving a virtual net in detecting abnormal events in every deployed camera out there in the world. When that happens, that is true big data analytics on surveillance cameras in a never achieved before scale,” he added.

“We continue to be very bullish on ViD’s progress and have participated in this financing round as well,” said Brijesh Pande, Founder and Managing Partner of Tembusu ICT Fund I. “The recent fundraising as well as IMDA Accreditation provide additional capital as well as greater technical validation, which will enable the company to expand on its early customer successes in key markets like Singapore, US and Europe.”

Photo by Rishabh Varshney on Unsplash

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