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It’s been stated that we’re presently within the Fourth Industrial Revolution or Trade 4.0 the place technological developments are basically altering the best way we stay, work, and work together with each other. As we enter a brand new period of automation, organizations are adopting new security and well being measures to maintain industrial workforces, powered by rising applied sciences. Intenseye is a office security platform that leverages compute imaginative and prescient to supply close to real-time insights into hazards. Integrating with an organization’s present digicam techniques, the platform provides a seamless resolution to attenuate office incidents, which account for 3M+ yearly fatalities. Intenseye provides 50 pre-built AI-powered modules to deal with frequent questions of safety that instantly complement present security protocols utilized by environmental and well being and security groups. All information and insights generated are captured and might be leveraged for compliance, incident reporting, and assessments. In 2023, Intenseye delivered over 36M alerts for its buyer base, not solely avoiding instant disaster but additionally driving lasting change in office security.
AlleyWatch caught up with Intenseye CEO Sercan Esen to study extra in regards to the enterprise, the corporate’s strategic plans, newest spherical of funding, which brings the corporate’s complete funding raised to $93.1M. and far, rather more…
Who had been your traders and the way a lot did you increase?
We raised $64M, our Sequence B, which was led by Lightspeed Enterprise Companions with participation from present traders Perception Companions, Air Avenue Capital, and Level 9.
Inform us in regards to the services or products that Intenseye provides.
Intenseye provides an AI-powered office security platform that gives 24/7 visibility into unseen hazards, automates ergonomic assessments, and streamlines incident administration, reporting, and different environmental well being and security (EHS) workflows. These capabilities empower EHS leaders to drive proactive modifications that cut back work-related harm and sickness charges, enhance compliance, and save lives.
What impressed the beginning of Intenseye?
My cofounder and our CTO of Intenseye, Serhat Cillidag, and I’ve had the privilege of supporting and witnessing the transformative energy of AI firsthand ever since we had been coworkers at Sony years in the past. The concept for Intenseye emerged in 2017 once we had been each working as AI consultants. Our quite a few visits to shoppers’ manufacturing websites uncovered us to what we rapidly realized was a large hole between how Fortune 500 corporations function in manufacturing and provide chain with high-tech adoption versus their pen-and-paper method to security processes. As soon as we acknowledged the intense implications of this hole — for instance, that almost 3 million individuals per yr die resulting from office incidents — we felt compelled to work in the direction of tackling it. Thus, Intenseye was born.
How is Intenseye totally different?
Intenseye stands out in a number of key methods. First, we’re in a position to have a large and near-immediate impression on office security for our prospects. That is largely due to our scalable deployment choices that seamlessly combine with present digicam infrastructure, guaranteeing speedy implementation and time-to-value. Second, since our platform provides over 50 pre-built security AI modules, we’re in a position to empower prospects with proactive visibility into the broadest attainable vary of hazards going through their frontline groups.
Nonetheless, what actually distinguishes us is our deal with psychological security. By guaranteeing employee privateness whereas facilitating communication between frontline staff and EHS groups, we domesticate a tradition of security from the bottom up. This dedication to creating a tangible distinction within the lives of our prospects and their staff underscores our ethos of accountable innovation and moral AI.
What market does Intenseye goal and the way massive is it?
Intenseye’s goal market primarily contains massive (i.e. Fortune 1000+) enterprises in high-risk industrial and important infrastructure sectors comparable to meals & beverage, shopper items, heavy equipment, automotive, life sciences, utilities, logistics & warehousing, metals, and extra. Our present and ever-expanding buyer base spans 26+ international locations on six continents.
What’s your online business mannequin?
Intenseye is a SaaS enterprise with subscription-based pricing that mirrors the pliability of our platform, which integrates into prospects’ present infrastructure and simply scales throughout the often-dozens of web sites inside the purview of our patrons – most of whom are EHS, IT, or operations executives.
How are you making ready for a possible financial slowdown?
We’re persevering with to spend money on individuals, partnerships, and product enhancements that additional amplify the instant and long-term worth we ship to our prospects.
What was the funding course of like?
It was thrilling and inspiring. We had been pleasantly shocked by the quick period during which we managed to safe the funding, and the size of curiosity from traders desperate to help our mission was heartwarming. Office security has lengthy been far behind the curve by way of technological developments – in any case, it’s not often perceived as a revenue-generating operate – however the tides are lastly altering.
What are the most important challenges that you just confronted whereas elevating capital?
It was a privilege to satisfy – and share Intenseye’s story and mission – with so many unimaginable individuals throughout the fundraising course of. Nonetheless, the tempo and quantity of back-to-back conferences this required was inherently repetitive, which made it a bit difficult at instances.
What elements about your online business led your traders to jot down the test?
Our traders share our conviction and deep dedication to reworking office security. These elements are what impressed us probably the most about Lightspeed and are largely why we’re proud to have had them lead our Sequence B.
Our traders share our conviction and deep dedication to reworking office security. These elements are what impressed us probably the most about Lightspeed and are largely why we’re proud to have had them lead our Sequence B.
What are the milestones you intend to attain within the subsequent six months?
We’re targeted on persevering with (and accelerating) the momentum we’ve constructed up in recent times, significantly with respect to incomes the belief of the various main organizations that we’re proud to name our prospects. Over the following six months, we’ll be prioritizing product, partnerships, and development milestones that construct upon this belief and the worth our platform delivers. We’re additionally trying ahead to increasing our international footprint inside present and underserved areas and, in the end, standardizing a brand new method of working for security groups.
What recommendation are you able to provide corporations in New York that should not have a recent injection of capital within the financial institution?
Ignore the seemingly unending rhetoric and strain on corporations to drive “explosive development”. It’s much more vital to drive sustainable development. Effectivity is not going to solely help longevity – however additionally it is much more prone to make the enterprise interesting to potential traders throughout future fundraising alternatives.
The place do you see the corporate going now over the close to time period?
Other than remaining laser-focused on supporting and offering worth to our prospects, we’re additionally very excited to quickly be relocating – and considerably upgrading – our NYC headquarters to raised swimsuit our rising crew. We couldn’t be extra thrilled in regards to the new house and might’t await move-in day!
What’s your favourite winter vacation spot in and across the metropolis?
My spouse and I really like to go to lots of the metropolis’s parks year-round – however within the winter, Central Park and Fort Tryon Park are our favorites.
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