The French startup Veesion has just raised nearly 40 million euros to deploy its AI software dedicated to surveillance cameras in the United States. Several American brands have chosen to trust it for a specific purpose.
Artificial intelligence isn't just used to write an email for you. It can be used in objects that we regularly encounter in our daily lives, without necessarily noticing them. Thus, surveillance cameras no longer simply record what happens in front of their lens. They analyze people's behavior and determine whether an alert should be issued. In France, AI cameras will become widespread following tests carried out in 2024 during major events such as the Olympic Games.
Some will also be exported beyond our borders. The French startup Veesion has just raised 38 million euros to expand its technology to the United States. It's AI software for surveillance cameras, but not exactly the same as those found on the streets. Here, they aim to combat a scourge that is growing increasingly widespread in Uncle Sam's country: shoplifting. In 2022, it represented a loss of $40 billion for American retailers.
These French AI cameras will be deployed in the United States, here's why
Monitoring a store with traditional cameras requires someone to be stationed in front of the return screen(s). It's the human who must spot the thief before acting. Veesion's solution delegates detection to AI.
It is trained to detect telling gestures, such as someone putting an item in their pocket. When this happens, an alert is sent to the owner or security officer via an app. They can then view the video footage and decide what to do next.
The program can be customized according to needs. For example, if the store allows its customers to put products in their own bags while shopping, this gesture will be excluded from the list of those considered suspicious. Veesion's solution currently powers more than 5,000 businesses in 25 countries, including France. 500 use it in the United States.
0 Comments