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Unleash live raises $8M in Series A to scale AI apps for enterprise analytics

Unleash Live

Unleash live is one of the world’s leading AI video analytics platforms. Now, it announced that it closed an $8 million (nearly £5.8 million) in a Series A funding round led by SafetyCulture.

Notably, SafetyCulture is a global operations platform empowering teams to drive workplace improvements and one of the fastest-growing technology companies in Australia. In 2020, it acquired microlearning business EdApp.

SafetyCulture and Unleash live support customers worldwide including the UK. Also, SafetyCulture’s EMEA hub is based in Manchester.

Growth plans

Unleash live will use the funds to fuel the growth of its A.I. Apps Store, where developers and organisations with in-house A.I./ML skills can build, train and deploy Apps that meet specific enterprise needs. The funding will also support the expansion of its US team and help provide the quality experiences that enterprise customers expect.

“We’re excited to welcome the combined expertise of SafetyCulture and renowned investor Roger Allen AM, who will drive the continued success of Unleash live and help take us to the next level.” said co-founder and CEO Hanno Blankenstein.

In addition to its investment, SafetyCulture CEO, Luke Anear, will join the Unleash live board.

“It’s great to see such innovative new thinking in response to old challenges,” Anear said. “We recognise the potential of leveraging camera feeds to trigger safer, smarter actions. A.I. video analytics is an enormously powerful data source for an operations platform like ours, and one that many of our customers can benefit from. Unleash live has shown extraordinary growth during the past year. I’m eager to help them support more organisations globally to be better, faster and more reliable.”

Roger Allen AM, an experienced software entrepreneur and venture capital investor focused on investing in Australian fast growth technology companies, said, “Australian technology companies are globally competitive and attracting significant investment both domestically and internationally. It is great to see SafetyCulture – an already successful Australian technology company – investing and supporting a new emerging company with a large global opportunity in Unleash live. I look forward to sharing the journey”.

AI powered analytics platform

Founded in 2016 by Hanno Blankenstein and Jason Grier, Unleash live’s A.I. powered real time analytics platform, ‘Intelligent Remote Vision’, generates immediate insights that enable enterprises to materially drive down costs, raise productivity, increase accuracy, and improve safety.

A.I. analytics are injected into livestream video to augment the role of inspectors, progress monitors, financiers, auditors, and regulators.

During the COVID-19 pandemic, there was an increased adoption of video streaming and remote collaboration. Eventually, the company has seen over 500 per cent growth since March 2020.