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d e t e k t o r i n t e r n a t i o n a l · 1 9
Bosch acquires stake in
AI start-up company
Grasbrunn, Germany and Tel Aviv, Israel
The Bosch Building Technologies division is partner-
ing with Anyvision Interactive Technologies Ltd. and
acquiring a 9 percent stake in the Israeli AI-based
person- and object-recognition start-up.
It has been agreed that the pur-
chase price will not be disclosed.
The agreement, signed on June 18,
2018, provides both for the acqui-
sition of a stake by Bosch and a
sales and technology partnership.
"In the market for IP video
surveillance, one of the main
USPs of Bosch Building Tech-
nologies is Intelligent Video Ana-
lytics, which allows video data to
be interpreted quickly and simply.
Anyvision's innovative technol-
ogy, which makes it possible to
identify persons and objects from
various angles, will be a signifi-
cant addition to the portfolio of
solutions we already offer as a
result of IP partnerships in this
area," says Bernhard Schuster,
whose responsibilities within the
executive management of Bosch
Building Technologies include
marketing and sales, as well as the
global Security and Safety Systems
business.
"This three-part agreement is
an important step in our mission
to shape the future of AI, and
we are proud to have the Bosch
Building Technologies division as
our partner as we aim to create a
safer and better tomorrow," says
Eylon Etshtein, the Anyvision co-
founder and CEO.
Set up in 2015 and headquar-
tered in Tel Aviv, with offices in
New York, USA and Belfast, UK.
Anyvision currently employs 100
associates globally, and is a leading
provider of self-learning, AI-based
person- and object-recognition
software. Unlike conventional
solutions in this field, Anyvision's
software is a plug and play solu-
tion for new and existing systems
that overcomes challenges such
as occlusions, different angles of
view, and poor light conditions.
Among other things, it can be
used to find and identify missing
or wanted objects or persons
in large crowds, to support the
work of authorities such as the
police, and to optimise processes.
Use cases can also be found in
locations such as hotels, casinos,
airports, sports venues, and retail
outlets, where the technology is
used to identify VIPs and enhance
customer experience with special
offers, services, and seamless
access.
As part of the agreed sales part-
nership, video security solutions
offered by Bosch in the future will
include the Anyvision software
as an option. "Our customers
around the world are increasingly
asking for ways of integrating
person- and object-recognition
software into our video secu-
rity systems. Collaboration with
Anyvision will allow us to fulfill
this customer wish even better
and offer an enhanced package of
solutions," Schuster says.
Over the medium term, the
two companies aim to work
together to add further features
to this technical solution. For this
purpose, the agreement they have
signed also includes a technology
partnership.
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2018-08-30 14:16