It’s been mentioned that we’re at the moment within the Fourth Industrial Revolution or Trade 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 digital camera techniques, 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 handle frequent questions of safety that instantly complement present security protocols utilized by environmental and well being and security groups. All knowledge and insights generated are captured and could be leveraged for compliance, incident reporting, and assessments. In 2023, Intenseye delivered over 36M alerts for its buyer base, not solely avoiding quick disaster but in addition driving lasting change in office security.
AlleyWatch caught up with Intenseye CEO Sercan Esen to study extra in regards to the enterprise, the corporate’s strategic plans, newest spherical of funding, which brings the corporate’s complete funding raised to $93.1M. and far, far more…
Who had been your traders and the way a lot did you increase?
We raised $64M, our Collection B, which was led by Lightspeed Enterprise Companions with participation from present traders Perception Companions, Air Avenue Capital, and Level 9.
Inform us in regards to 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 modifications that scale back work-related harm 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 had been coworkers at Sony years in the past. The thought for Intenseye emerged in 2017 after we had been each working as AI consultants. Our quite a few visits to purchasers’ manufacturing websites uncovered us to what we shortly realized was a large 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 just about 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 capable of 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 digital camera infrastructure, making certain fast implementation and time-to-value. Second, since our platform provides over 50 pre-built security AI modules, we’re capable of empower clients with proactive visibility into the broadest doable vary of hazards going through their frontline groups.
Nevertheless, what really distinguishes us is our deal with psychological security. By making certain employee privateness whereas facilitating communication between frontline staff 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 large is it?
Intenseye’s goal market primarily contains giant (i.e. Fortune 1000+) enterprises in high-risk industrial and important infrastructure sectors corresponding to meals & beverage, client items, heavy equipment, automotive, life sciences, utilities, logistics & warehousing, metals, and extra. Our present and ever-expanding buyer base spans 26+ international locations on six continents.
What’s your enterprise 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 patrons – most of whom are EHS, IT, or operations executives.
How are you getting ready for a possible financial slowdown?
We’re persevering with to put money into folks, partnerships, and product enhancements that additional amplify the quick and long-term worth we ship to our clients.
What was the funding course of like?
It was thrilling and inspiring. We had been pleasantly shocked by the brief length wherein we managed to safe the funding, and the size of curiosity from traders wanting to help our mission was heartwarming. Office security has lengthy been far behind the curve by way of technological developments – in spite of everything, it’s not often perceived as a revenue-generating operate – however the tides are lastly altering.
What are the largest challenges that you simply confronted whereas elevating capital?
It was a privilege to fulfill – and share Intenseye’s story and mission – with so many unimaginable folks throughout 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 components about your enterprise led your traders to write down the verify?
Our traders share our conviction and deep dedication to remodeling office security. These components are what impressed us essentially the most about Lightspeed and are largely why we’re proud to have had them lead our Collection B.
Our traders share our conviction and deep dedication to remodeling office security. These components are what impressed us essentially the most about Lightspeed and are largely why we’re proud to have had them lead our Collection B.
What are the milestones you propose to realize within the subsequent six months?
We’re targeted on persevering with (and accelerating) the momentum we’ve constructed up lately, 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 international footprint inside present and underserved areas and, in the end, standardizing a brand new method of working for security groups.
What recommendation are you able to provide corporations in New York that should not have a recent injection of capital within the financial institution?
Ignore the seemingly endless rhetoric and stress on corporations to drive “explosive development”. It’s way more vital to drive sustainable development. Effectivity won’t solely help longevity – however additionally it is way more more likely to make the enterprise interesting to potential traders throughout future fundraising alternatives.
The place do you see the corporate going now over the close to time period?
Other than 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 raised go well with our rising workforce. We couldn’t be extra thrilled in regards to the new house 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 really 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.
