Video analytics has become an increasingly important aspect for many commercial and industrial operations. This software is quickly picking up speed for an extensive amount of applications. According to a report the video analytics or the “intelligent video” market is expected to grow enormously from $2.77 billion to $8.55 billion by 2023. This will be mainly due to the growing corporate interest in the Internet of Things or IoT cloud reporting, traffic monitoring, incident detection, and other such use cases.
With a huge amount of money in play, many investors are backing up some of the sector’s best-positioned startups and one such company is Gorilla Technology. This privately-held Taipei-based company established in 2000 specializes in IOT technology and video intelligence supporting a range of content management and video-centric applications for enterprise, retail, media, and surveillance.
According to reports, in 2018, SBI investment, a Japanese venture capital firm, invested $15 million into Gorilla Technology Group. The company plans to use this funding to enhance its video analytics and AI algorithms for the fintech space to work towards securing a global sales and marketing presence and expand its track in the Japanese market.
Gorilla develops its own video analytic and AI platforms from its R&D facility in Taiwan. The company uses deep learning and machine learning video analysis algorithms to identify, analyze, and extract information from digital content to drive automation and business intelligence solutions. The digital content can be live, recorded, or captured frame by frame. The company claims to manage over 40 petabytes of contents across 5 continents in various languages.
Gorilla’s seamless integration of VeMo video analytics technology with best-in-class hardware including the embedded systems is facilitated by their hardware partners Dell, Acer, EMC, and ViewSonic.
The company focuses on delivering intelligent video solutions with Cloud and Edge computing architectures for more efficient and reliable data processing, storage, analysis, and reduced cost and latency. The video-centric technology of Gorilla enables efficient management and utilization of rich-media content for both private and public sectors.
The cutting-edge video intelligence solutions offered by Gorilla helps in transforming data into actionable, create real-time insights with people, and object identification verification capabilities and the location-based analytics helps businesses to create value and drive new opportunities.
The company is committed to creating new avenues of security and success for the fintech market. Gorilla claims to be certified as the first IVA-based security software partner integrated with Intel’s Open VNO in IOT solutions alliance.
Get in touch with the team today to learn more about Gorilla’s offerings.