VIMOC Technologies

VIMOC Technologies

Highly accurate intelligence for real-time applications.

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DateInvestorsAmountRound

$2.4m

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD202020212023
Revenues000000000000
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

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More about VIMOC Technologies
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VIMOC Technologies, Inc. was a developer of an artificial intelligence-based computing platform focused on making physical environments intelligent and connected. The company was founded in 2012 by Tarik Hammadou, who served as CEO, and Anthony Laskovski. Based in Mountain View, California, VIMOC aimed to revolutionize industries through AI and edge computing. The firm's core technology centered on its Rosella™ software stack, an end-to-end IoT solution that performed data capture and processing at the network's edge. This approach enabled real-time sensory data analytics and machine learning implementation directly on devices, reducing latency compared to cloud-based processing.

The company's platform was designed to extend cloud computing capabilities to the edge of the network, creating a landscape computing network for what it termed the "Understanding of Things (UoT)". This architecture allowed infrastructure operators and enterprises to gather and analyze data from their surroundings. VIMOC's initial market focus was on smart city applications, particularly smart parking and pedestrian safety solutions. It secured several high-profile clients, including UCLA, Santa Clara University, and UC Berkeley, deploying AI-driven multi-modal transportation and safe crosswalk solutions. The business model was predicated on providing these smart infrastructure services to municipalities, universities, and property development companies.

Financially, VIMOC Technologies raised a total of $2.45 million through two seed funding rounds. The first round in December 2013 brought in $50,000. A more significant round of $2.4 million closed in February 2016, led by Morado Ventures with participation from investors like Flex Lab IX and ET Capital Partners. This capital was intended to expand product adoption and service offerings. The company also unveiled hardware like the neuBox™, an IoT edge computing device, to support its platform. Despite these developments and partnerships with major technology companies like HPE, Intel, and NVIDIA, PitchBook data indicates that VIMOC Technologies went out of business as of October 17, 2020.

Keywords: edge computing, artificial intelligence, IoT platform, smart city solutions, smart parking, pedestrian safety, video analytics, landscape computing, Understanding of Things (UoT), Rosella software, neuBox, Tarik Hammadou, transportation solutions, real-time data analytics, deep learning, network management software, intelligent infrastructure, situational awareness

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