A video analytics platform using artitificial intelligence to improve workplace productivity and safety has raised $17 million in a series B.
It’s been nearly four years since Unleash Live raised an $8 million Series A led by Safety Culture, and this time the nine-year-old scaleup, now valued at $100 million, did not disclose its backers, although records show they include Austrian family office JR Investment.
Previous investors include Roger Allen’s Patagorang Investment Group, Amaysim cofounders Rolf Hansen and Peter O’Connell, Smarter Capital, and New York firm Revel Partners, having raised $4.75 million in 2018
The new capital will be deployed on international market expansion, including the Americas and Europe, and platform improvements for enterprise and government customers in energy, utilities, transport, and public safety.
The Sydney-based business has strong traction in the North American, European and ANZ regions.
CEO Hanno Blankenstein and Jason Grier cofounded Unleash live in 2016. The cloud-based platform lets customers connect existing visual monitoring such as CCTV, IP cameras, drones and smartphones to it and stream their video for AI analysis.
It’s also built a marketplace of AI apps, allowing developers to run a variety of machine learning models that cater to their particular business challenges.
The range of uses includes solar PV and power line fault detection, traffic and public transport analytics. The AI analytics augments the role of inspectors, progress monitors, financiers, auditors, and regulators.
Since 2021’s Series A, the company has expanded its customer base, launched a connected drone and robot automation product, developed its industrial AI App platform, and deepened partnerships with hardware manufacturers and cloud platforms.
Blankenstein said the support the company’s momentum, market leadership, and execution.
“This funding enables us to scale faster, deepen our AI computer vision product leadership, and expand into further global markets where infrastructure resilience and operational efficiency are critical,” he said.
“As ageing infrastructure and climate risk intensify, real-time data intelligence from the field is becoming essential.”
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