AI company builds on portfolio of machine learning, deep learning, natural language processing, and knowledge representation to address $14.4B visual AI marketplace
SparkCognition, a global leader in artificial intelligence (AI) software solutions perfected for business, is pleased to announce it has signed a definitive agreement to acquire Integration Wizards, a leader in visual AI.
Through this acquisition, SparkCognition expands its IP portfolio to include computer vision capabilities, bringing greater value to its industry solutions. The technology leverages new and diverse data sets, including CCTV feeds, drone footage, video from handheld devices, and existing camera infrastructures. The solution can be deployed in hours or days, and helps address critical problems, including safety, security, visual inspection, productivity, and situational awareness.
Top iTechnology Security News: OPSWAT Launches World’s First Interactive Mobile Lab for Critical Infrastructure Organizations
“With advanced visual AI that can recognize complex scenes and activities we further amplify the value we deliver to our customers while leveraging existing infrastructure investments,” said Amir Husain, Founder and CEO of SparkCognition. “Integration Wizards has delivered visual AI at scale for innovators and Fortune 500 customers alike, saving lives, safeguarding assets, and driving demonstrable productivity gains.”
Since its inception in 2014, Integration Wizards’ visual AI technology has provided solutions to global organizations including Hindustan Petroleum Corporation Limited, Reliance Industries Limited, Heineken, Xerox, Novo Nordisk, and Johnson Controls. Their customers span 16 countries and service over 20,000 users. Key applications include 24/7 monitoring, enhancing safety and security initiatives, improved process automation in factories and facilities, support for autonomous vehicle operations, and environmental and situational awareness.
Top iTechnology Cloud News: IPC Launches Connexus ALPHA
“As part of the digital transformation journey, HPCL is deploying AI based visual analytics across its retail network to improve customer satisfaction and safety. The solution being implemented covers more than 1,00,000 CCTV cameras, by far the largest implementation of vision analytics in the country”, said Shri Ch. Srinivas, CGM – Digital Initiatives, Hindustan Petroleum Corporation Limited(Integration Wizards Customer). “AI has been instrumental at advancing the use of data within our organization and I am excited by the breadth of AI solutions to help us provide cutting edge solutions for improving customer convenience and service, predict future events, and optimize processes.”
Top iTechnology Networking News: Aqua Comms, Bulk Fiber Networks and Meta Complete Construction of the Havhingsten Cable System
[To share your insights with us, please write to sghosh@martechseries.com]
