AI video analysis startup Airis Labs raises $60M
Airis Labs Ltd., a provider of video analysis software for government agencies, launched today with $60 million in funding.
The startup raised just over half the capital through a Series A round led by PSG Equity. The growth equity firm was joined by TLV Partners, Stepstone Group, Redseed Ventures and multiple angel investors.
Airis provides a platform that helps public sector organizations such as law enforcement agencies analyze video content. The software can analyze footage from social media, security cameras, drones and other sources. It uses artificial intelligence to combine multiple video fees into a single view of a situation.
One of the challenges involved in processing video datasets is that they often lack an index. An index is a file that developers often add to relational databases to speed up queries. It’s a collection of shortcuts that reduces the amount of time required to find important information. Without an index, users have to go through an entire dataset to find the specific data points they wish to retrieve.
