It’s been mentioned that we’re at the moment within the Fourth Industrial Revolution or Business 4.0 the place technological developments are basically altering the way in which we dwell, work, and work together with each other. As we enter a brand new period of automation, organizations are adopting new security and well being measures to maintain industrial workforces, powered by rising applied sciences. Intenseye is a office security platform that leverages compute imaginative and prescient to offer close to real-time insights into hazards. Integrating with an organization’s present digicam programs, the platform provides a seamless answer to attenuate office incidents, which account for 3M+ yearly fatalities. Intenseye provides 50 pre-built AI-powered modules to deal with widespread questions of safety that instantly complement present security protocols utilized by environmental and well being and security groups. All information and insights generated are captured and will be leveraged for compliance, incident reporting, and assessments. In 2023, Intenseye delivered over 36M alerts for its buyer base, not solely avoiding rapid disaster but in addition driving lasting change in office security.
AlleyWatch caught up with Intenseye CEO Sercan Esen to be taught extra concerning the enterprise, the corporate’s strategic plans, newest spherical of funding, which brings the corporate’s whole funding raised to $93.1M. and far, rather more…
Who have been your buyers and the way a lot did you increase?
We raised $64M, our Sequence B, which was led by Lightspeed Enterprise Companions with participation from present buyers Perception Companions, Air Avenue Capital, and Level 9.
Inform us concerning the services or products that Intenseye provides.
Intenseye provides an AI-powered office security platform that gives 24/7 visibility into unseen hazards, automates ergonomic assessments, and streamlines incident administration, reporting, and different environmental well being and security (EHS) workflows. These capabilities empower EHS leaders to drive proactive adjustments that scale back work-related damage and sickness charges, enhance compliance, and save lives.
What impressed the beginning of Intenseye?
My cofounder and our CTO of Intenseye, Serhat Cillidag, and I’ve had the privilege of supporting and witnessing the transformative energy of AI firsthand ever since we have been coworkers at Sony years in the past. The thought for Intenseye emerged in 2017 once we have been each working as AI consultants. Our quite a few visits to shoppers’ manufacturing websites uncovered us to what we rapidly realized was an enormous hole between how Fortune 500 corporations function in manufacturing and provide chain with high-tech adoption versus their pen-and-paper strategy to security processes. As soon as we acknowledged the intense implications of this hole — for instance, that almost 3 million folks per 12 months die as a consequence of office incidents — we felt compelled to work in direction of tackling it. Thus, Intenseye was born.
How is Intenseye completely different?
Intenseye stands out in a number of key methods. First, we’re in a position to have a large and near-immediate influence on office security for our clients. That is largely because of our scalable deployment choices that seamlessly combine with present digicam infrastructure, guaranteeing fast implementation and time-to-value. Second, since our platform provides over 50 pre-built security AI modules, we’re in a position to empower clients with proactive visibility into the broadest potential vary of hazards going through their frontline groups.
Nevertheless, what actually distinguishes us is our give attention to psychological security. By guaranteeing employee privateness whereas facilitating communication between frontline employees and EHS groups, we domesticate a tradition of security from the bottom up. This dedication to creating a tangible distinction within the lives of our clients and their workers underscores our ethos of accountable innovation and moral AI.
What market does Intenseye goal and the way huge is it?
Intenseye’s goal market primarily includes massive (i.e. Fortune 1000+) enterprises in high-risk industrial and demanding infrastructure sectors akin to meals & beverage, shopper items, heavy equipment, automotive, life sciences, utilities, logistics & warehousing, metals, and extra. Our present and ever-expanding buyer base spans 26+ nations on six continents.
What’s your online business mannequin?
Intenseye is a SaaS enterprise with subscription-based pricing that mirrors the pliability of our platform, which integrates into clients’ present infrastructure and simply scales throughout the often-dozens of web sites throughout the purview of our consumers – most of whom are EHS, IT, or operations executives.
How are you making ready for a possible financial slowdown?
We’re persevering with to put money into folks, partnerships, and product enhancements that additional amplify the rapid and long-term worth we ship to our clients.
What was the funding course of like?
It was thrilling and inspiring. We have been pleasantly stunned by the brief length by which we managed to safe the funding, and the dimensions of curiosity from buyers desirous to help our mission was heartwarming. Office security has lengthy been far behind the curve when it comes to technological developments – in spite of everything, it’s not often perceived as a revenue-generating perform – however the tides are lastly altering.
What are the most important challenges that you just confronted whereas elevating capital?
It was a privilege to fulfill – and share Intenseye’s story and mission – with so many unbelievable folks in the course of the fundraising course of. Nevertheless, the tempo and quantity of back-to-back conferences this required was inherently repetitive, which made it a bit difficult at instances.
What elements about your online business led your buyers to write down the verify?
Our buyers share our conviction and deep dedication to remodeling office security. These elements are what impressed us probably the most about Lightspeed and are largely why we’re proud to have had them lead our Sequence B.
Our buyers share our conviction and deep dedication to remodeling office security. These elements are what impressed us probably the most about Lightspeed and are largely why we’re proud to have had them lead our Sequence B.
What are the milestones you intend to realize within the subsequent six months?
We’re centered on persevering with (and accelerating) the momentum we’ve constructed up in recent times, notably with respect to incomes the belief of the various main organizations that we’re proud to name our clients. Over the subsequent six months, we’ll be prioritizing product, partnerships, and development milestones that construct upon this belief and the worth our platform delivers. We’re additionally wanting ahead to increasing our world footprint inside present and underserved areas and, in the end, standardizing a brand new approach of working for security groups.
What recommendation are you able to provide corporations in New York that would not have a contemporary injection of capital within the financial institution?
Ignore the seemingly endless rhetoric and strain on corporations to drive “explosive development”. It’s way more essential to drive sustainable development. Effectivity is not going to solely help longevity – however it’s also way more prone to make the enterprise interesting to potential buyers throughout future fundraising alternatives.
The place do you see the corporate going now over the close to time period?
Except for remaining laser-focused on supporting and offering worth to our clients, we’re additionally very excited to quickly be relocating – and considerably upgrading – our NYC headquarters to higher swimsuit our rising crew. We couldn’t be extra thrilled concerning the new area and may’t look ahead to move-in day!
What’s your favourite winter vacation spot in and across the metropolis?
My spouse and I like to go to most of the metropolis’s parks year-round – however within the winter, Central Park and Fort Tryon Park are our favorites.