London-based startup IntelexVision, specializing in AI-powered CCTV monitoring for real-time threat detection, has raised £5.6 million in a Series A funding round led by Acurio Ventures, Adara Ventures, and Inveready.
- Founded in 2017 by Michael Vorstman, IntelexVision delivers AI-powered surveillance solutions that autonomously monitor, analyze, and detect security threats in real-time.
- IntelexVision operates across five continents, working with over 70 distributors and technology partners. Its AI processes more than 2 billion hours of video each month, optimizing sectors such as critical infrastructure, transportation, healthcare, and urban environments by enabling faster response times and improved operational efficiency.
Details of the deal
- The Series A round received backing from Acurio Ventures, a Bilbao-based VC managing €300 million across four investment vehicles, Adara Ventures, a Luxembourg-based VC, and Inveready, a San Sebastián financial firm specializing in investment and wealth management solutions.
"We are delighted to be part of this new growth phase in the video analytics industry, and to partner with the outstanding and dynamic team behind Intelex Vision," Partner at Acurio Ventures, Hugo Fernández-Mardomingo, commented.
- IntelexVision will use the funds to accelerate its commercial growth, enhance its AI-driven video analytics technology, and expand its presence in both existing and new global markets.
“This strategic investment allows us to fuel our commercial growth whilst continuing to invest heavily in the product and disruptive and differentiated AI technology that underpins it," co-CEO of Intelex Vision, Callum Wilson, stated.
