It’s been stated that we’re at the moment within the Fourth Industrial Revolution or Trade 4.0 the place technological developments are basically altering the way in which we reside, work, and work together with each other. As we enter a brand new period of automation,  organizations are adopting new security and well being measures to maintain industrial workforces, powered by rising applied sciences.  Intenseye is a office security platform that leverages compute imaginative and prescient to offer close to real-time insights into hazards. Integrating with an organization’s present digital camera techniques, the platform presents a seamless resolution to reduce office incidents, which account for 3M+ yearly fatalities.  Intenseye presents 50 pre-built AI-powered modules to handle frequent issues of safety that instantly complement present security protocols utilized by environmental and well being and security groups. All knowledge and insights generated are captured and could be leveraged for compliance, incident reporting, and assessments. In 2023, Intenseye delivered over 36M alerts for its buyer base, not solely avoiding quick disaster but in addition driving lasting change in office security.

AlleyWatch caught up with Intenseye CEO Sercan Esen to study extra in regards to the enterprise, the corporate’s strategic plans, newest spherical of funding, which brings the corporate’s whole funding raised to $93.1M. and far, rather more…

Who had been your buyers and the way a lot did you elevate?

We raised $64M, our Collection B, which was led by Lightspeed Enterprise Companions with participation from present buyers Perception Companions, Air Road Capital, and Level 9.

Inform us in regards to the services or products that Intenseye presents.

Intenseye presents an AI-powered office security platform that gives 24/7  visibility into unseen hazards, automates ergonomic assessments, and streamlines incident administration, reporting, and different environmental well being and security (EHS) workflows. These capabilities empower EHS leaders to drive proactive adjustments that scale back work-related harm and sickness charges, enhance compliance, and save lives.

What impressed the beginning of Intenseye?

My cofounder and our CTO of Intenseye, Serhat Cillidag, and I’ve had the privilege of supporting and witnessing the transformative energy of AI firsthand ever since we had been coworkers at Sony years in the past. The concept for Intenseye emerged in 2017 once we had been each working as AI consultants. Our quite a few visits to shoppers’ manufacturing websites uncovered us to what we rapidly realized was a large hole between how Fortune 500 firms function in manufacturing and provide chain with high-tech adoption versus their pen-and-paper strategy to security processes. As soon as we acknowledged the intense implications of this hole — for instance, that just about 3 million individuals per yr die because of office incidents — we felt compelled to work in direction of tackling it. Thus, Intenseye was born.

How is Intenseye completely different?

Intenseye stands out in a number of key methods. First, we’re capable of have a large and near-immediate influence on office security for our prospects. That is largely due to our scalable deployment choices that seamlessly combine with present digital camera infrastructure, guaranteeing speedy implementation and time-to-value. Second, since our platform presents over 50 pre-built security AI modules, we’re capable of empower prospects with proactive visibility into the broadest potential vary of hazards going through their frontline groups.

Nonetheless, what actually distinguishes us is our concentrate on psychological security. By guaranteeing employee privateness whereas facilitating communication between frontline staff and EHS groups, we domesticate a tradition of security from the bottom up. This dedication to creating a tangible distinction within the lives of our prospects and their workers underscores our ethos of accountable innovation and moral AI.

What market does Intenseye goal and the way huge is it?

Intenseye’s goal market primarily contains massive (i.e. Fortune 1000+) enterprises in high-risk industrial and significant infrastructure sectors similar to meals & beverage, shopper items, heavy equipment, automotive, life sciences, utilities, logistics & warehousing, metals, and extra. Our present and ever-expanding buyer base spans 26+ nations on six continents.

What’s your small business mannequin?

Intenseye is a SaaS enterprise with subscription-based pricing that mirrors the pliability of our platform, which integrates into prospects’ present infrastructure and simply scales throughout the often-dozens of web sites throughout the purview of our patrons – most of whom are EHS, IT, or operations executives.

How are you making ready for a possible financial slowdown?

We’re persevering with to spend money on individuals, partnerships, and product enhancements that additional amplify the quick and long-term worth we ship to our prospects.

What was the funding course of like?

It was thrilling and inspiring. We had been pleasantly shocked by the quick period by which we managed to safe the funding, and the dimensions of curiosity from buyers desperate to assist our mission was heartwarming. Office security has lengthy been far behind the curve by way of technological developments – in any case, it’s hardly ever perceived as a revenue-generating operate – however the tides are lastly altering.

What are the largest challenges that you simply confronted whereas elevating capital?

It was a privilege to satisfy – and share Intenseye’s story and mission – with so many unimaginable individuals through the fundraising course of. Nonetheless, the tempo and quantity of back-to-back conferences this required was inherently repetitive, which made it a bit difficult at instances.

What components about your small business led your buyers to put in writing the test?

Our buyers share our conviction and deep dedication to reworking office security. These components are what impressed us essentially the most about Lightspeed and are largely why we’re proud to have had them lead our Collection B.

Our buyers share our conviction and deep dedication to reworking office security. These components are what impressed us essentially the most about Lightspeed and are largely why we’re proud to have had them lead our Collection B.

What are the milestones you intend to realize within the subsequent six months?

We’re centered on persevering with (and accelerating) the momentum we’ve constructed up in recent times, significantly with respect to incomes the belief of the various main organizations that we’re proud to name our prospects. Over the following six months, we’ll be prioritizing product, partnerships, and progress milestones that construct upon this belief and the worth our platform delivers. We’re additionally wanting ahead to increasing our world footprint inside present and underserved areas and, in the end, standardizing a brand new manner of working for security groups.

What recommendation are you able to provide firms in New York that should not have a contemporary injection of capital within the financial institution?

Ignore the seemingly endless rhetoric and stress on firms to drive “explosive progress”. It’s much more necessary to drive sustainable progress. Effectivity is not going to solely assist longevity – however additionally it is much more more likely to make the enterprise interesting to potential buyers throughout future fundraising alternatives.

The place do you see the corporate going now over the close to time period?

Other than remaining laser-focused on supporting and offering worth to our prospects, we’re additionally very excited to quickly be relocating – and considerably upgrading – our NYC headquarters to raised swimsuit our rising crew. We couldn’t be extra thrilled in regards to the new house and may’t anticipate move-in day!

What’s your favourite winter vacation spot in and across the metropolis?

My spouse and I like to go to lots of the metropolis’s parks year-round – however within the winter, Central Park and Fort Tryon Park are our favorites.

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