promiseQ, a Berlin-based SaaS startup, has announced a successful seed funding round to advance its AI-based technology aimed at reducing false alarms in CCTV systems. While the exact funding amount remains undisclosed, the startup has confirmed a seven-figure investment from existing business angels, including Valentin Schmitt and Uli Schmitt, and venture capital firms ExtraVallis and APY Ventures.
Founded in 2021 by Elias Kardel and Tolga Ermis, promiseQ is revolutionizing video surveillance through its AI, edge software, and human review analysis. The company’s video intelligence platform is designed to eliminate up to 95% of false alarms in CCTV systems, providing a centralized solution for efficient surveillance management.
Advertisement
Features of the Video Intelligence Platform
promiseQ’s Video Intelligence Platform (VIP) offers users complete control and customization of their video surveillance network. Key features include:
- Device Tree: Simplifies control over multiple sites from a unified dashboard.
- Smart Alarm List: Ensures rapid response to suspicious activities.
- Privacy Zone Control: Allows businesses to customize surveillance parameters.
- Reference Picture Configuration: Enhances real-time threat detection.
- Camera Integrity Check: Conducts regular health checks on cameras to ensure optimal performance.
Reducing False Alarms with Hybrid AI System
The flagship product, Threat Filter, is a hybrid AI system that addresses false alarms in security networks, providing online oversight without the need for costly monitoring centers. The technology has demonstrated a 95% success rate in distinguishing false alarms from genuine threats during pilot projects.
Utilization of Capital
The new funding will support promiseQ’s innovation in the security sector, enabling product and service expansion for sustained growth. Co-founder Tolga Ermis shared, “With this new investment, we’re poised to release new and exciting edge software technology in the form of the promiseQube. With the help of computer vision and generative AI, the promiseQube will provide our customers with new levels of security.”
About the Investors
- ExtraVallis: A venture fund with bases in California and Berlin, focusing on pre-seed to Series A investments in Europe and Southeast Asia.
- APY Ventures: The venture capital arm of Albaraka Asset Management, managing funds that invest in civil technology startups across diverse sectors.
With its innovative approach to reducing false alarms and enhancing security operations, promiseQ is set to make significant advancements in the field of video surveillance, offering businesses a more efficient and reliable way to manage their security systems.
