10/06/2021

Press release

INTELEX VISION RAISES £2.5 MILLION IN AN EQUITY INVESTMENT ROUND BACKED BY ADARA VENTURES AND INVEREADY.

 

 

 

 

LONDON, 10 JUNE 2021 – Intelex Vision, a provider of unparalleled unusual behaviour and threat analytics solutions through its iSentry platform, is pleased to announce the completion of a new equity investment round of £2.5 million, backed by venture capital firms Adara Ventures and Inveready.

iSentry is an artificial intelligence platform designed to analyse CCTV cameras in real-time and provide relevant information to control room operators in the form of video alerts that are enriched through multiple data points. iSentry’s artificial intelligence “watches” endless amounts of video and through a combination of AI, deep learning, rules and automation enables an individual operator to effectively monitor hundreds of live cameras, providing scale, efficiency and effectiveness to control room environments. iSentry further offers multiple features for perimeter and area protection from short ranges with autonomous classification to long range and wide area surveillance tasks.

Callum Wilson, CEO of Intelex Vision said “we are delighted not only with the funding that will allow us to accelerate our product development and commercial reach, but also with the quality of our new investors and the trust they have put in us to address this exponentially growing market.”

Nico Goulet, Managing Partner, Adara Ventures adds: “Throughout the process of investing in Intelex, we have been impressed by the quality of execution that Callum, Michael and the team have exhibited. From product development to marketing through to the network of partners, the team at Intelex executes their strategy with consummate capability, attention to detail, and maturity. This ability to execute has been key to building our confidence in their ambitious objective to disrupt the threat detection and video analytics market.”

Ignacio Fonts, Managing Partner at Inveready, comments: “We are delighted to see that our investment in Intelex will contribute to make the world a more secure place to live in. It is gratifying to see that the use of their proprietary technology can save money to their customers while enriching jobs within the surveillance industry”.
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About Intelex Vision:

Intelex Vision is a provider of unparalleled unusual behaviour and threat analytics solutions through its AI driven iSentry platform. iSentry provides its customers with a set of solutions rather than a single capability, enabling real time video monitoring at scale, with reduced costs and greater insights while maximizing human decision making (capabilities). With operations in Europe, Latin America, the Middle East, Australia and Africa, iSentry is deployed alongside globally leading Video Management Systems and utilised by some of the principal international security and monitoring firms in residential, industrial/logistics, transport, mining, energy, smart city and a number of other sectors. Intelex Vision is a privately owned company based in the United Kingdom.

About Adara Ventures:

Adara Ventures invests in ambitious businesses, partnering with founders with vision, courage and the capacity to execute. In the last 15 years, they have invested in 38 companies and manage €180m. Focused on early-stage companies and with a European footprint, Adara’s portfolio includes companies dedicated to cybersecurity, data applications and infrastructure, devops, hardware components and digital health. For more information, visit www.adara.vc.

About Inveready:

Founded in 2008, Inveready is one of Spain’s leading Asset Management firms. Investing in technology through 5 specialized verticals (Information Technology, Life Sciences, Venture Debt, Alternative Markets, and Private Equity) Inveready counts on 143 active companies, +40 exits, and more than €600M of assets under management. Inveready has offices in Barcelona, Madrid, and San Sebastián and was recognized multiple times by ASCRI and Preqin for their funds’ performance and their transactions. For more information, visit www.inveready.com

Nuevos informes y series de datos: El Capital riesgo Informal en España 2020 / Informe de Impacto Económico y Social del Capital Privado en las operaciones de Middle Market en España. 2018 (ASCRI) / Informe de Impacto Económico y Social de los préstamos otorgados por Enisa

Otros informes destacados: Madurez del Venture Capital en España.  (English version)/ Financiación de startups de Energía en España / El tiempo de las desinversiones en Private Equity en España (English version)

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