Imagu Vision Technologies Ltd.
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Imagu Vision Technologies Ltd. - overview
Established
2005
Location
Tel Aviv-Yafo, -, Israel
Primary Industry
Software
About
Imagu Vision Technologies Ltd. develops advanced object recognition software that enhances image processing capabilities across various industries. Their technology is integral to improving operational efficiency and accuracy in retail, security, and logistics sectors. Founded in 2005 and headquartered in Tel Aviv-Yafo, Israel, Imagu Vision Technologies Ltd.
specializes in object recognition solutions. In September 2016, the company became part of iCarbonX, acquired in a deal whose financial terms remain undisclosed. The company has engaged in a single deal to date. Imagu specializes in advanced object recognition software that enhances applications across multiple industries.
Their core offerings focus on advanced image processing technologies that empower businesses to accurately identify and categorize objects in real-time. These solutions are particularly beneficial in sectors such as retail, security, and logistics, where efficient inventory management, enhanced surveillance, and streamlined operations are paramount. The company's products utilize machine learning algorithms to process visual data, allowing seamless integration into existing systems used by clients. Imagu primarily serves a diverse clientele, including large retailers in North America and Europe, along with security and logistics firms in Asia-Pacific markets.
Imagu generates revenue through a subscription-based model for its software solutions, allowing clients to access updates and support services on a recurring basis. Partnerships with technology integrators and resellers are key components of their revenue structure, enhancing product distribution and market penetration. Transactions typically involve annual licensing fees for the software, along with optional add-on services such as training and technical support. This structured approach enables Imagu to cater to various customer segments, from small businesses to large enterprises seeking tailored object recognition solutions.
Their flagship product, utilizing proprietary algorithms, is positioned at the forefront of their offerings, driving engagement within their target markets. Imagu Vision Technologies Ltd. aims to develop new products, leveraging the latest advancements in machine learning. The company plans to enter new markets, focusing on expanding its footprint in Asia-Pacific regions by 2024.
Following their acquisition in September 2016 by iCarbonX, the company intends to utilize the financial backing from this transition to support product development and market expansion.
Current Investors
iCarbonX, VCANBIO Cell & Gene Engineering Corp., Ltd
Primary Industry
Software
Sub Industries
Analytics & Performance Software
Website
www.imagutech.com
Company Stage
Add-on
Total Amount Raised
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