LivingLens Raises Funds for US and Platform Expansion

In the UK, video data mining and analysis specialist LivingLens has raised £1.3m in a round of funding which it will use to accelerate development of its enterprise video analytics tech platform, and to further expand its teams and open operations in the US.

Launched by Curiosity Insight founder Carl Wong (pictured) and retail sector specialist David Woods, the London and Liverpool-based firm offers access to an app which allows consumers to capture, edit and share videos. Resulting content can then be analysed using software that intelligently searches every spoken word captured 'in any video, in any language'. Last year, LivingLens added machine speech recognition capabilities, to offer a near real-time 'speech to text' service.

The new funding round comes from government-backed investment fund Angel CoFund, as well as further angels including a number of marketers and former city financiers. LivingLens plans to use the investment to ramp up its sales, marketing and customer success teams, and expand to the US.

Wong says the new funds will enable the firm to enhance customer support, accelerate the development of new capabilities and 'ultimately, scale the business'. He adds: 'We are now working with some of the world's largest brands and agencies to help them to get closer to their consumers and drive more value out of consumer video as a valuable source of insight, and expect 2017 to be a really strong year for our business'.

Web site: www.livinglens.tv .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.