Oosto

Overview
News
Facial Recognition?
Product stageSegments
Expansion
?
Access Control and Verification, Law Enforcement
?

Oosto   (Formerly AnyVision) provides a facial recognition-based platform named “Access Point AI” with touchless access control, video surveillance, occupancy analytics, people counting, and flagging dangerous behavior. The Israeli platform claims to be capable of spoof detection and liveness verification as well as integration with other cameras. The company has formed strategic partnerships with related technology providers such as Honeywell, Schneider Electric, Boon Edam, Ambarella, and Nvidia as well as several regional system integrations to grow its market reach. The company serves organizations across financial services, education, entertainment, healthcare, manufacturing, and distribution.

In March 2020, Microsoft, which invested in the company in June 2019, divested its stake due to ethical concerns over facial recognition technology. The company experienced lower sales in 2020 owing to the Covid-19 pandemic, which resulted in laying off around 50% of its staff along with cuts to research spending.

Key customers and partnerships

In November 2023 , Oosto partnered with Intellicene, an integrated security solutions provider, integrating Oosto's face biometrics with Intellicene's Symphia security software platform (Face Detect product) to enhance its capabilities, increasing the level of protection. Funding and financials

In July 2021, Oosto raised USD 235 million, bringing the company’s total funding to USD 352 million. The round was co-led by SoftBank’s Vision Fund 2 and Eldridge Industries with participation from existing investors including Robert Bosch GmbH, Qualcomm Ventures, and Lightspeed. The company expected to use the funding to improve its platform, accelerate the integration of its technology to edge computing devices such as smart cameras, bodycams, and chips, and expand into new markets.

HQ location:
26 Harokmim Holon ISR
Founded year:
2015
Employees:
251-500
IPO status:
Private
Total funding:
USD 352.0 mn
Last Funding:
USD 235.0 mn (Series C; Jul 2021)
Last valuation:
-
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