Grasbrunn, Germany, and Tel Aviv, Israel – The Bosch Building Technologies division is partnering with AnyVision Interactive Technologies Ltd. and acquiring a 9 percent stake in the Israeli AI-based person- and object-recognition start-up. It has been agreed that the purchase price will not be disclosed. The agreement signed on June 18, 2018, provides both for the acquisition of a stake by Bosch and a sales and technology partnership. “In the market for IP video surveillance, one of the main USPs of Bosch Building Technologies is Intelligent Video Analytics, which allows video data to be interpreted quickly and simply. AnyVision’s innovative technology, which makes it possible to identify persons and objects from various angles, will be a significant addition to the portfolio of solutions we already offer as a result of IP partnerships in this area,” says Bernhard Schuster, whose responsibilities within the executive management of Bosch Building Technologies include marketing and sales, as well as the global Security and Safety Systems business. “This three-part agreement is an important step in our mission to shape the future of AI, and we are proud to have the Bosch Building Technologies division as our partner as we aim to create a safer and better tomorrow,” says Eylon Etshtein, the AnyVision co-founder and CEO.
Software based on artificial intelligence
Set up in 2015 and headquartered in Tel Aviv, AnyVision currently employs 100 associates globally, and is a leading provider of self-learning, AI-based person- and object-recognition software. Unlike conventional solutions in this field, AnyVision’s software is a plug and play solution for new and existing systems that overcomes challenges such as occlusions, different angles of view, and poor light conditions. Among other things, it can be used to find and identify missing or wanted objects or persons in large crowds, to support the work of authorities such as the police, and to optimize processes. Use cases can also be found in locations such as hotels, casinos, airports, sports venues, and retail outlets, where the technology is used to identify VIPs and enhance customer experience with special offers, services, and seamless access.
It is an essential part of AnyVision's mission to allow the general public to enjoy the benefits of AI without compromising their privacy. “That is why we made absolutely sure that the solutions are compliant with strict privacy regulations, including the GDPR. Furthermore, as our software uses a comprehensive set of mathematical vectors to represent persons or objects, identification is possible anonymously, without recording or storing images,” Etshtein says.
Video security customers want integrated packages
As part of the agreed sales partnership, video security solutions offered by Bosch in the future will include the AnyVision software as an option. “Our customers around the world are increasingly asking for ways of integrating person- and object-recognition software into our video security systems. Collaboration with AnyVision will allow us to fulfill this customer wish even better and offer an enhanced package of solutions,” Schuster says. Over the medium term, the two companies aim to work together to add further features to this technical solution. For this purpose, the agreement they have signed also includes a technology partnership.
Contact persons for press inquiries:
Bosch
Carola Hehle
Phone: +49 89 6290-2794
E-mail: Carola.Hehle@de.bosch.com
Anyvision
Sigal Barak
Phone: +972 50 6541173
E-mail: Sigalb@anyvision.co
The Bosch division Building Technology is a leading global supplier of security, safety, and communications products and systems. In selected countries Bosch offers solutions and services for building security, energy efficiency and building automation. About 9,000 associates generated sales of roughly 1.8 billion euros in 2016. Protecting lives, buildings and assets is the major aim. The product portfolio includes video surveillance, intrusion detection, fire detection and voice evacuation systems as well as access control and management systems. Professional audio and conference systems for communication of voice, sound and music complete the range. Bosch Building Technology develops and manufactures in its own plants in Europe, Americas and Asia.
Additional information can be accessed at www.boschsecurity.com
The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,000 associates worldwide (as of December 31, 2017). The company generated sales of 78.1 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs some 64,500 associates in research and development.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.
