XXII Raises $24M to Develop AI Computer Vision

PARIS, April 4, 2023 — 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.

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Published: April 2023

Glossary

machine vision: Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
computer vision: Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...
artificial intelligence: The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.