<article>Taiwan&#8217;s cloud-based image and video-recognition <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/image-recognition-provider-viscovery-raises-5-million-series-a-round-4350/" target="_blank">technology startup Viscovery </a>has secured $10 million in investments in a financing round that was led by China Development Industrial Bank (CDIB) among other investors.</article>

Taiwan&#8217;s cloud-based image and video-recognition <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/image-recognition-provider-viscovery-raises-5-million-series-a-round-4350/" target="_blank">technology startup Viscovery </a>has secured $10 million in investments in a financing round that was led by China Development Industrial Bank (CDIB) among other investors.
The investment will help the company accelerate its growth of global video data analysis and the contextual advertising market as well as recruit top talents of artificial intelligence around the world, Viscovery said in a statement while announcing the funding.
Among other investors in the technology startup include GD1 Fund, H&amp;Q Asia Pacific and iStart (Softbank China Venture Capital early funds).
Viscovery’s video data analysis technology Video Discovery Service (VDS) has been adopted by a number of international businesses. Through the multi-channel network and advertising platform, 8sian Media, Viscovery provides services including video data analysis, search optimization, and enhanced values of ads to top video platforms in Taiwan, Korea, China, and Malaysia.
&#8220;Using artificial intelligence, the technique can recognize 7 different categories, which is FITAMOS (the acronym of Face, Image, Text, Audio, Motion, Object, and Scene), and the video content as well as the effectiveness of the advertisements can be calculated,&#8221; the company said.
The company has analyzed the popular TV series and movies with analysis of the screen where specific celebrities, commodities, or brands appear. By doing so, users can search the video content instead of just searching the key words of the title or introduction.
“Over 85% of the global cloud data are unstructured data, including photos and video content, so it’s a big problem to categorize, manage, tag, and search them. And Viscovery is offering the solution to this problem.” Viscovery’s founder and CEO Amos Huang pointed out.
Earlier individuals or corporations needed to tag the pictures or every second of the whole video to make them searchable and categorized, which used to cost a lot of time and human resource. Especially when global online video platforms have sprung up rapidly, larger and larger amount of video data needs to be analyzed.
The technology helps to commercialise<a style="color: #000080;" href="http://www.dealstreetasia.com/stories/vidooly-acquires-social-tv-company-icouchapp-31215/" target="_blank"> video content </a>as search engine ads and social media ads, video ads have become the next opportunity for advertisers. The global video advertising revenue in 2015 was about $16 billion, and is expected to reach $30 billion USD by 2018, according to a survey from Statista.
Further, video advertisements are bound to gain more and more popularity among advertisers.
Founded in Taiwan by Amos Huang in 2011, Viscovery expanded into markets in Southeast Asia, Japan and Korea. It has integrated visual search technology with wearable devices, such as Google Glass in 2014. The firm&#8217;s R&amp;D team is from Taiwan, the US and China and includes professionals, scholars and doctors in the fields of machine learning, deep learning, and artificial intelligence.
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Taiwan’s cloud-based image and video-recognition technology startup Viscovery has secured $10 million in investments in a financing round that was led by CDIB.

CDIB leads $10m round for Taiwan image-recognition startup Viscovery

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CDIB leads $10m round for Taiwan image-recognition startup Viscovery

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