Umbo Computer Vision Raises $8M Post-A Round to Accelerate Company Growth and Global Expansion

Umbo will use the investment to help accelerate its global sales expansion and improve its portfolio of AI-powered security products.

Umbo Computer Vision, an artificial intelligence company that specializes in autonomous video security, announced today that it raised an $8 million post-A round, bringing funding to a total of $17.6 million to date. This round was co-led by Translink Capital and Susquehanna International Group. Shin-Kong Capital and Shin-Kong Security (TSEC:9925), one of Asia’s largest security alarm companies, also joined as strategic investors, with continued participation by earlier investors.

 

Umbo will use the investment to help accelerate its global sales expansion and improve its portfolio of AI-powered security products - Light, TruePlatform and Umbo AiCameras. Umbo Light is a fast-learning AI that recognizes human behaviors critical to security such as intrusion, tailgating, occupancy and wall scaling. Customers often use Light together with Umbo TruePlatform, the company’s cloud-based security management platform, to further enhance their security capabilities. They can also choose to use Umbo’s AiCameras to process Light A.I. on the edge or apply it to their existing IP cameras through TruePlatform’s integrations.

 

“Umbo’s products are changing the way people around the world think about video security. Businesses small and large come to us seeking a solution they can trust to keep them safe and secure from suspicious behaviors,” says Shawn Guan, CEO at Umbo. “Our vision is to bring our computer vision technology to new customers worldwide and provide simple, yet powerful protection that anyone can use."

 

Jackie Yang, co-founder and managing partner of Translink Capital, says, “We are excited to work with a company that is paving the way for A.I. and surveillance technology. Combining AiCameras, TruePlatform and Light A.I., Umbo is providing a working solution that the surveillance industry has been looking for over a decade.”

 

Umbo’s products have been recognized by some of the largest global system integration partners in the security industry. System integrators love that Umbo AiCameras can be set up seamlessly and with little configuration. Integrated Solutions Engineer George Caballero of Johnson Controls says about Umbo AiCameras: “In all of my 23 years in the industry, Umbo was the easiest install I have ever done.”

 

Umbo recently opened a London office to tap the growing United Kingdom market, earning recognition from the country’s leading alarm monitoring centers. “Since 2017, Umbo and Southern Monitoring have collaborated to deliver substantial improvements to CCTV detection/reliability and to reduce operational costs,” says Christopher Jones, director of operations at Southern Monitoring. “Extensive tests with Umbo Light in real world conditions found a drastic reduction in the number of false positives that our operators have to review and handle -- with well over 95 percent suppression of false positives over our current configuration.”

 

This past year, Umbo has continued to thrive. The company gained over two hundred enterprise and small business customers. Light A.I. also received the prestigious Innovation Award at ESX 2019, adding to other honors previously won at the security industry’s biggest conferences including the NPS award at ISC West and the New Product of the Year award at GSX. Since beginning service, Light has processed over 21 billion images and users have logged into the service over 6 million times. With these new resources, Umbo intends to keep on pushing the limits of video security by building towards a safer future.

Featured

  • Security Today Launches 2023 Government Security Awards

    Security Today Launches 2023 Government Security Awards

    Security Today is proud to announce the launch of the 2023 Government Security Awards. The Govies honor outstanding government security products in a variety of categories. For this year’s awards program, participants can choose from 38 different categories to enter their product(s) into. Read Now

  • Back to the Basics

    Back to the Basics

    Security is a continuous evolution of practices and procedures. The developments in technology and advancements in threats make security difficult at times. Although security from one location may look different from another location, there is a common goal applied to security measures. The common goal is protection. Read Now

  • The Top Three Security Trends in 2023

    The Top Three Security Trends in 2023

    As security technology has become more widely used, the interest in new capabilities and increased security measures has increased. As we head into 2023, these three trends will shape the security landscape. Read Now

  • TSA Breaks Record Nationally and in Washington for Firearm Discoveries in 2022

    TSA Breaks Record Nationally and in Washington for Firearm Discoveries in 2022

    Transportation Security Administration (TSA) officers in Washington detected 164 firearms in travelers’ carry-on luggage in 2022, with the majority of the firearms discovered at Seattle-Tacoma International Airport’s (SEA) security checkpoints. Read Now

Featured Cybersecurity

New Products

  • HID Signo Readers

    HID Signo Readers

    HID Global has announced its HID® Signo™ Biometric Reader 25B that is designed to capture and read fingerprints in real-world applications and conditions. 3

  • Paxton10 CORE Cameras

    Paxton10 CORE Cameras

    The new CORE Series cameras feature edge processing for ultimate scalability, built-in edge storage, and plug-and-play installation. The addition of the CORE Series gives installers new hardware, better choice, and more value than ever before. 3

  • SAFR® from RealNetworks

    SAFR® from RealNetworks

    A unique feature in SAFR version 3.4 is its ability to automate alerts to security personnel when a spoofing attempt or a fraudulent attempt to gain access is detected. 3