Pimloc, a London, UK-based computer vision startup that sharpened its business pitch to sell an AI service for quickly anonymizing video, automating the blurring of faces or license plates, along with a suite of other visual search services, raised an additional $7.5 million in a seed round. The startup raised a $1.8 million seed back in October 2020
The round was led by Zetta Venture Partners, with participation from existing investors Amadeus Capital Partners and Speedinvest.
The new funds will be used to scale the business across Europe and the U.S., tracking the spread of data legislation and the evolution of public opinion around the privacy risks of biometrics.
Company: Pimloc Ltd.
Raised: $7.5M
Round: Seed Round
Funding Month: January 2022
Lead Investors: Zetta Venture Partners
Additional Investors: Amadeus Capital Partners and Speedinvest
Company Website: https://www.pimloc.com/
Software Category: Video management
About the Company: Founded in 2016, Pimloc is a British tech company, dedicated to visual privacy and security. Pimloc’s technologies are powered by the latest developments in deep learning for the automated detection and redaction of personal information (PII) in the video. Pimloc’s Secure Redact SaaS solution allows all businesses to anonymize personal data in a video that can be processed for security and analytics whilst still protecting privacy. Pimloc's deep learning platform enables private businesses and public organizations to protect sensitive or personal data in video, maintain safe online environments, and manage video security. Pimloc is currently working across diverse sectors including transport, entertainment venues, retail, hospitality, education, manufacturing, healthcare, law enforcement, and local government.
Source: https://techcrunch.com/2022/01/26/pimoc-seed-expansion/