The Dublin, Ireland-based computer-vision company, Everyangle has raised $2.7 million in funding. Everyangle aids venues and retailers in comprehending their customer behavior. The funding round was co-led by Sure Valley Ventures, Act Venture Capital and Furthr VC (formerly DBIC Ventures) with participation from Enterprise Ireland.
Founded in 2019 and led by CEO David Owens, Everyangle is focused on helping physical retailers, hospitality venues, and convenience service stations to understand their customers in-store, reduce loss and optimize operations through computer vision technology.
The platform uses computer vision and machine learning to analyze CCTV footage for events of interest, without the need for human review. It identifies scan avoidance events at self-checkout, spots suspicious refunds, voids and card activations, and reduces the cost of investigating suspicious transactions at checkout – they say – by 90%.
Everyangle includes solutions for; Brick-and-Mortar Retail Store Performance, demographic customer footfall analysis, in-store customer engagement, check-out scan avoidance, stockroom utilization, labor code ‘rest break’ compliance, and PPE compliance.
The company has developed strategic go-to-market partnerships with major vendors including Cisco and SAP, global distributors such as TD Synnex, as well as international reseller partners including CDW and WWT. These extensive partnerships have opened the door for the company to serve a range of sectors globally, including retail, hospitality, and convenience service stations, with customers including Mulberry, Peloton, Oxford Industries, Joey’s Restaurant Group, Vinfast, and RaceTrac.
In the retail space, Everyangle arms customers with end-to-end aggregated data so they can gain a significant advantage in this competitive industry. For Hospitality, Everyangle is leveling the playing field by providing brick-and-mortar operators with the same advanced analytics previously only available to online retailers. And for convenience service stations, computer vision turns customers’ CCTV camera data into actionable insights, which boosts security, efficiency, profitability, and customer satisfaction.
With the nearly three million dollars raised this year, Everyangle plans on using the funds to accelerate sales, invest in ongoing product development, and expand further into the United States and United Kingdom. Internally, Everyangle plans to increase company headcount over the next two years, with recruitment ongoing for key hires in machine learning, data science, software engineering, product management, and sales.
Enterprise Ireland is proud to support innovative and future-thinking companies such as Everyangle. Enterprise Ireland looks forward to its continued support of Everyangle now and throughout its rapid and well-deserved period of future expansion.