SVATech
Providing video analytics solutions that are compatible with most cameras on the market, making video analytics technology more affordable and accessible to more people and businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
BRL6.0m | Early VC | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 42 % | 9 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Founded in 2014, SVATech is a Brazilian technology firm based in Belo Horizonte that specializes in video analytics. The company operates on a business-to-business model, providing a platform that leverages computer vision, artificial intelligence, and machine learning to analyze real-time images from a client's existing closed-circuit television (CCTV) infrastructure. This enables the identification of potential risks, allowing for preemptive action against losses and damages.
The core of SVATech's offering is a proprietary hardware and software combination that transforms conventional security cameras into intelligent monitoring systems. The technology provides tools for detecting people and objects, facial recognition, license plate reading, and identifying predetermined suspicious behaviors. For industrial clients, the platform assists in the inspection, monitoring, quality assessment, and measurement of processes to mitigate risks, optimize operations, and enhance safety. The company also undertakes special projects, customizing solutions to meet specific client needs. This service is positioned as a cost-effective alternative to traditional electronic surveillance, which often requires significant infrastructure at each location.
SVATech's market includes large industrial and retail enterprises. Testimonials from clients like Gerdau, a major steel producer, highlight the use of the technology to mitigate risks in industrial processes, such as ensuring the proper coupling of liquid steel pots. Supermarket chain Verdemar utilizes the system to reduce costs by transitioning from armed to electronic surveillance. Additionally, logistics company Vale S.A. employs a specific solution called WIVA (Wagon Inspection by Video Analytics) to monitor assets, which has allowed them to move employees from hazardous areas to a controlled environment.
The company has secured venture capital funding, with investors including Cedro Capital, FC Partners, FIEMG Lab, and KPTL. It has gone through several funding rounds, including a Seed Round in August 2017 for $1.43M and a later stage VC round in July 2021 for $972K.
Keywords: video analytics, computer vision, artificial intelligence, machine learning, security systems, CCTV monitoring, risk detection, industrial safety, operational optimization, asset security, facial recognition, license plate reading, retail security, industrial inspection, WIVA, Gerdau, Vale S.A., Verdemar