Umbo CV raises .8M seed to create smart security cameras that prevent crimes

Umbo CV has raised a $2.8 million seed round for its security cameras, which use artificial intelligence to identify suspicious activity and prevent crimes before they happen. The Taipei- and San Francisco-based startup’s funding was led by AppWorks Ventures, with participation from Mesh Ventures, Wistron Corporation, and Phison Electronics.The two-year-old startup has already shipped its system—including cameras and a cloud-based management platform—to clients in Dubai, the United States, and Europe, and will begin mass manufacturing next month. Co-founder and chief executive officer Shawn Guan says Umbo CV has also received $1.4 million in pre-orders and letters of intent from other customers. Its funding will be used for research and hiring. Other members of Umbo CV’s founding team include chief technology officer Ping-Lin Chang and chief scientist Tingfan Wu, who both…


Link to Full Article: Umbo CV raises .8M seed to create smart security cameras that prevent crimes

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