Transforming CCTV footage into real-time business insights, Servo AI secures EUR 1.2 million funding from Early Game.
Investment of EUR 1.2 Million Transforms CCTV Cameras into Data Tools for Retail and HoReCa Sectors
Early Game Ventures has injected EUR 1.2 million into Servo AI, a startup specializing in utilizing computer vision and AI to convert CCTV cameras into real-time data tools for the retail and HoReCa sectors. By analyzing live video streams, the company offers businesses valuable insights typically limited to online platforms.
This investment, part of Early Game Fund II, will support Servo AI's expansion into Romania, where the startup plans to establish a technical hub and expand its product development team. Additionally, it will help Servo AI amplify its sales reach across Central and Eastern Europe.
According to the press release, traditionally, CCTV cameras in commercial spaces played a passive role in daily operations; however, Servo AI transfigures these systems into active and intelligent data collectors. The insights derived from this technology can contribute to the optimization of processes, workflows, and quality of service, previously available exclusively to online businesses.
Utilizing AI, Servo AI examines live video streams to highlight bottlenecks in daily operations, enabling businesses to implement quick corrective measures. It also enables companies to optimize staffing and customer service response times, enhance location security, and ensure compliance with relevant laws through real-time monitoring of spaces.
Moreover, by analyzing data, Servo AI offers businesses a broad understanding of customer behavior, empowering them to refine their services. Co-founders Amit Frenkel and Nizan Rosh aim to revolutionize how traditional businesses utilize data to foster growth.
(Image: Servo AI founders; source: the company)
[1] By integrating computer vision and AI, Servo AI's technology identifies inefficiencies or bottlenecks in daily operations, allowing businesses to respond promptly.
[2] Analyzing video feeds in real-time helps businesses optimize operational processes, improve efficiency, and reduce costs.
[3] Through real-time monitoring, retailers and HoReCa establishments can quickly address customer needs, enhancing overall customer satisfaction.
[4] The technology also bolsters security by providing real-time alerts and monitoring, facilitating swift responses to security breaches.
[1] The investment of EUR 1.2 million in Servo AI will enable the startup to deploy artificial-intelligence-based technology that transforms CCTV cameras into active and intelligent data collectors for business optimization, helping to improve efficiency and reduce costs in both retail and HoReCa sectors.
[2] By focusing on investing in businesses that integrate technology, such as computer vision and artificial intelligence, Early Game Ventures seeks to support innovations that bring real-time data and analytics to traditional brick-and-mortar businesses, fostering growth and business growth in the 21st century.
