Intelex Vision Series A Round, January 2025

Who is Funding

Intelex Vision has successfully secured $6.8 million in a Series A funding round. The investment was led by Acurio Ventures, Adara Ventures, and Inveready, alongside other contributors. This funding reflects sustained interest in artificial intelligence-powered surveillance technologies.

What is the funding for?

The company intends to use the funding to accelerate its commercial growth and further develop its AI technology. Callum Wilson, Co-CEO of Intelex Vision, remarked: “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.”

Michael Vorstman, the company’s other Co-CEO, added: “after growing our revenues 11x over the past 3 years, in this new phase of our development we will aim to not only strengthen and expand our position in our existing markets, but also start to address some of the largest ones globally.”

About the Company

Established in 2017, Intelex Vision specialises in real-time video analytics powered by advanced artificial intelligence. The company’s solutions autonomously monitor, analyse, and detect security threats, enabling quicker responses and enhanced operational efficiency. Its technology is utilised across critical sectors, including infrastructure, healthcare, transportation, and urban environments. Intelex Vision operates globally, partnering with over 70 distributors and technology providers, and processes over 2 billion hours of video footage each month.

Quotes

Hugo Fernández-Mardomingo, a partner at Acurio Ventures, highlighted the importance of Intelex Vision’s approach: “Given the rising insecurity perception in cities and critical infrastructure projects, we see Intelex Vision technology as a game changing opportunity to shift the status quo from forensic post-event data analysis to realtime threat monitoring. 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.”

Nico Goulet, Founding Partner at Adara Ventures, commented on the demand for advanced analytics: “As large-scale CCTV deployments generate ever-growing amounts of data, smarter video analytics are key for real-time threat detection and decision-making. With a scalable solution proven in the most challenging and dynamic environments, Intelex Vision has emerged as a leader in AI-powered video analytics, and we are proud to continue supporting their growth.”

Ignacio Fonts, non-executive Chairman of Inveready, added: “We are happy to see that the excellent performance of Intelex in the recent years has been rewarded with the closing of this important fundraising milestone. We are confident that the combination of a great team, a unique technology and the market potential of AI-powered video analytics will turn Intelex into a shining star among the scaleups of Europe.”

Conclusion

This funding round marks a significant step for Intelex Vision as it continues to advance its AI-driven video analytics technology. With backing from established investors and a strong foundation in real-time surveillance, the company is well-positioned to expand its presence in key global markets.