Vion Technologies
Vion Technology is an AI firm that specializes in machine vision and offers AI products & solutions to smart cities & business intelligence.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
$14.0m Valuation: $100m | Series C | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 100 % | - |
| 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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Established in 2005, Vionvision, operating as Vion Technologies, has positioned itself within the intersection of artificial intelligence and computer vision, specifically targeting the commercial retail sector. The company has developed a comprehensive "Cloud - End - Edge" solution aimed at digitizing physical retail spaces. Vionvision generates revenue by providing its technology and services to a diverse client base that includes shopping centers, department stores, real estate developers, and property service groups. Its business model revolves around deploying AIoT (Artificial Intelligence of Things) sensing devices and providing data analytics to enhance operational efficiency for its customers.
The core of Vionvision's offering is its ReID (Re-identification) non-biometric people counting technology. This system allows for the tracking of foot traffic and customer movement without collecting personal biometric data. A key feature is the patented TrueFlow 2.0 staff exclusion capability, which differentiates between customers and employees to provide more accurate shopper analytics. These technologies enable clients, ranging from large shopping malls to individual retail outlets like supermarkets, chain restaurants, and automobile dealerships, to gather precise data on customer behavior. The insights derived help retailers optimize store layouts, manage staffing levels, and improve the overall customer experience, leading to more informed business decisions.
With a significant intellectual property portfolio, including over 30 invention patents, Vionvision has demonstrated a long-term commitment to research and development in its niche. The company's technology has been adopted by more than 1,800 shopping centers and over 300 clients in various retail sub-sectors. Looking forward, Vionvision aims to expand its footprint by leveraging its extensive network of front-end AIoT devices to become a key player in the digital transformation of the international commercial retail industry.
Keywords: people counting, retail analytics, computer vision, AIoT, foot traffic analysis, ReID technology, customer behavior, smart retail, data digitization, property technology