Investment Fuels Growth for Video Analytics Firm KERV.ai

AI-powered video analysis and monetization specialist KERV.ai has closed a Series B funding round of unspecified amount. Funds will be used for a wide range of growth objectives including R&D, recruitment, infrastructure, partnership and expansion into new markets.

KERV uses proprietary and patented pixel-edge recognition and correlation technology to capture metadata across every frame in a video, allowing it to identify, analyze and match objects with contextually relevant advertising.

The round was led by LA-based media, entertainment and technology investor Coral Tree Partners, and follows 'record commercial and partnership growth,' according to KERV.

Gary Mittman (pictured), CEO of KERV.ai, comments: 'With Coral Tree's partnership, we'll continue to scale our contextual commerce and AI video-intelligence solutions, helping to drive measurable results for our clients and partners while shaping the future of outcomes-based interactive storytelling.' Alan Resnikoff, a Partner at Coral Tree, says the technology combines creative storytelling, commerce activation and data-driven performance, and adds: 'We believe this team is poised to lead the convergence of content, commerce and contextual intelligence, and we look forward to partnering with and supporting their next chapter of growth.'

Web site: www.kerv.ai .