What is XXII?
Founded in 2015 and headquartered in Puteaux, France, XXII specializes in computer vision software. The company designs, develops, and markets XXIICORE, a SaaS platform for deploying and configuring algorithms to analyze video streams. This technology is already implemented in numerous cities and private sites, empowering operational teams with enhanced decision-making capabilities for improved efficiency and responsiveness.
XXII's mission is to democratize the use of vision technologies for professionals and communities, aiming to augment human perception and operational capacity. The company's focus on making advanced vision technologies accessible positions it as a key player in the rapidly evolving AI and data analytics landscape.
How much funding has XXII raised?
XXII has raised a total of $23.7M across 1 funding round:
Series A
$23.7M
Series A (2023): $23.7M with participation from The Duval Group, 574 Invest, Kima Ventures, Techmind, and CIB Développement organisationnel (www.cib-rh.com
Key Investors in XXII
The Duval Group
The Duval Group, established in 1978, offers career services with a focus on technical markets, including civil engineering. Their involvement suggests a strategic interest in companies leveraging technology for operational efficiency and infrastructure optimization.
574 Invest
574 Invest is the investment fund of the SNCF Group, focusing on Series A investments in mobility, Industry 4.0, and Climate Tech. Their participation indicates XXII's alignment with industrial innovation and potentially smart infrastructure applications.
Kima Ventures
Kima Ventures, the venture capital arm of Xavier Niel, is a prolific early-stage investor backing numerous startups annually. Their investment in XXII highlights the company's potential for significant growth and innovation from its early stages.
What's next for XXII?
With this major strategic investment, XXII is poised for accelerated expansion and further innovation in its computer vision offerings. The substantial capital infusion is expected to fuel the scaling of its XXIICORE platform, potentially broadening its reach into new markets and enhancing its algorithmic capabilities.
The company's focus on democratizing vision technologies suggests a strategic direction towards wider adoption by both public sector entities and private enterprises. Future developments may include advancements in real-time analytics, predictive capabilities, and integration with other smart city or industrial IoT solutions, solidifying XXII's leadership in the computer vision domain.
