Investors comprise the UK Government sponsored Angel CoFund and a number of UK and overseas investors including business angels from FSE’s Investor Network and Incito Ventures.
Crowd Vision offers a highly innovative software product that extracts crowd insights from video feeds in busy locations, enabling customers to understand and intervene in their crowds.
The software has already been deployed at scale in Mecca where it helps to keep millions of pilgrims safe as they attend the Hajj. Beyond crowd safety it can provide accurate crowd counts, improve pedestrian flows and help businesses optimise their operations based on live and accurate crowding data.
Fiona Strens, Crowd Vision CEO said “Crowding is a global phenomenon of our time. Whether struggling through commuter crowds or soaking up a festival atmosphere, we all experience crowding in everyday life.
Crowd Vision provides unique, actionable data on crowd numbers, patterns and dynamics helping our customers turn a challenge into a business opportunity.
Crowd Vision is committed to enabling our customers to deliver Safer Crowds and Smarter Cities across the globe. We were delighted that funding offers exceeded our target, as this investment provides us with the means to execute aggressively to address increasing demand.”
Kevan Jones, CEO of The FSE Group comments: “The FSE Investor Network and our female-positive network Incito Ventures helped Crowd Vision to form a clear and well organised funding strategy in order to become ‘deal ready’. One of our experienced business angels from Incito took the lead in the round and successfully completed the application process with the Angel CoFund, which is the first deal we have completed with them. We think that Crowd Vision represents an excellent investment and we look forward to following their success in the future”.
