Person- and object-recognition software based on artificial intelligence
- Bosch to acquire 9 percent stake in AnyVision Interactive Technologies Ltd.
- In addition to the acquisition of the stake by Bosch, the two companies will enter into a sales and technology partnership
- Increasing demand for video security solutions with integrated person- and object-recognition software
Grasbrunn, Germany, and Tel Aviv, Israel – The Bosch Building Technologies division is partnering with AnyVision Interactive Technologies Ltd. and acquiring a 9 percent stake in the Israeli AI-based person- and object-recognition start-up. It has been agreed that the purchase price will not be disclosed. The agreement signed on June 18, 2018, provides both for the acquisition of a stake by Bosch and a sales and technology partnership. “In the market for IP video surveillance, one of the main USPs of Bosch Building Technologies is Intelligent Video Analytics, which allows video data to be interpreted quickly and simply. AnyVision’s innovative technology, which makes it possible to identify persons and objects from various angles, will be a significant addition to the portfolio of solutions we already offer as a result of IP partnerships in this area,” says Bernhard Schuster, whose responsibilities within the executive management of Bosch Building Technologies include marketing and sales, as well as the global Security and Safety Systems business. “This three-part agreement is an important step in our mission to shape the future of AI, and we are proud to have the Bosch Building Technologies division as our partner as we aim to create a safer and better tomorrow,” says Eylon Etshtein, the AnyVision co-founder and CEO.
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Carola.Hehle@de.bosch.com