Funding

[Funding alert] Schaffhausen-based Viso Secures €8.7 Million in Seed Funding

Oct 26, 2023 | By Startup Rise EU

Schaffhausen-based  Viso secures €8.7 million in seed funding. Accel took the lead in this round. The round was also joined by angel investors and prominent industry figures, such as Mehdi Ghissassi (DeepMind), Mihai Faur (UiPath), Remy Lazarovici (Celonis), James Isilay (Cognism), and Stef van Grieken (Cradle).
Gaudenz - Founder, Nico - founders

Schaffhausen-based Viso secures €8.7 million in seed funding. Accel took the lead in this round. The round was also joined by angel investors and prominent industry figures, such as Mehdi Ghissassi (DeepMind), Mihai Faur (UiPath), Remy Lazarovici (Celonis), James Isilay (Cognism), and Stef van Grieken (Cradle).

Enterprise solutions based on vision are challenging and expensive to develop and implement. As algorithms are simpler to train, advances in deep learning, GPU hardware, and AI have made computer vision a lot more accessible.

Read also - Madrid-based Galeneo Health Secures €1 million in Funding

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But many of these models struggle to go into production in their lack of the necessary technical know-how. Despite strong industry demand, a fundamental obstacle to business adoption of these models is the significant infrastructure required for their deployment and scalability in the field.

Gaudenz Boesch, co-CEO and co-Founder of Visio, said: “When we founded Viso in 2018, our core mission was to make disruptive technologies like computer vision widely accessible to all companies, not just those with the resources and expertise to fully utilize it. Since then, the demand for computer vision-based applications has exploded in nearly every industry. However, due to the high cost, complexity and scarcity of technical expertise, many companies still aren’t able to benefit from vision-based applications at scale. That’s why we’ve built an all-in-one infrastructure solution to enable businesses to develop, deploy and scale computer vision applications faster, more successfully and at lower cost. We’re excited to partner with Accel and bring computer vision capabilities to companies across the globe.”

Andrei Brasoveanu, Partner at Accel, commented: “While various companies have developed point solutions targeting different aspects of the computer vision application lifecycle, there are remarkably few end-to-end infrastructure platforms to unify different tools, models and solutions, particularly for non-technical users. As computer vision continues to penetrate multiple industries, from transport and agriculture through to health, Viso has built a horizontal platform to finally give businesses access to computer vision capabilities at scale. We’re extremely impressed by the early traction Viso has achieved so far and look forward to supporting Nico and Gaudenz on the journey ahead.”

About Viso

In 2018, Gaudenz Boesch and Nico Klingler founded Viso in Switzerland. The company has been bootstrapped up to this point and utilizes a remote-first, internationally dispersed workforce.

Read also - Barcelona-based Piper Raises €3 million in Funding

The company has seen immense success since publishing the platform in the spring of 2022. Among its customers are PwC, A2A, and DPD in addition to a number of other Fortune 500 and state-owned enterprises. The platform's capabilities will be improved and hiring will happen quickly with the help of the seed financing.

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