XXII Raises $24M to Develop AI Computer Vision

Computer vision technology startup XXII has raised €22 million ($24 million) in a series A funding round led by Fonds Innovation Défense. XXII intends to use the funding for R&D, talent recruitment, commercialization, and addressing new markets and international development in the U.S., Europe, and the Middle East.

XXII is developing a real-time video stream analysis solution using artificial intelligence. The latest funding follows a €1.5 million seed funding round in 2020.