East Ventures invests in Indonesian video analytics startup Nodeflux

The Nodeflux team

Nodeflux, an Indonesian video analytics startup, on Wednesday announced securing an undisclosed amount of funding from East Ventures.

Founded in 2016 by two engineers from Bandung Institute of Technology (ITB) graduates, Meidy Fitranto and Faris Rahman, Nodeflux uses deep learning and computer vision to offer more than video viewing and recording by providing processed information on recorded footage.

In an official statement, Nodeflux said the funding will help support research and development on computer vision and deep learning.

For the past year, Nodeflux has been working closely with the government of several big cities in Indonesia such as Jakarta and Bandung to help them better understand occurrences in public areas such as transportation, trash management and flooding system in real time to help them make data-driven decisions efficiently.

Nodeflux has been working in partnership with Nvidia after the startup became the first Indonesia-based company to join the Nvidia Inception Program. It has also been working with the Indonesian National Police to help enhance the institution’s operational system.

Commenting on the deal, East Ventures managing partner Willson Cuaca said, “The Indonesian internet population is generating humongous data that requires “brain” to manage the information and extract value. Nodeflux nails this. It manages and extracts information from images and videos, as well train its machine learning to solve cross-sector local problems.”

The investment by East Ventures follows a seed funding secured by Nodeflux last year from Indonesian smart city solutions provider Qlue. That investment also entailed Nodeflux’s tech integration into Qlue’s system.

For East Ventures, the investment in Nodeflux comes only a week after it announced an undisclosed amount of seed funding for PHI-Integration, an Indonesian software company that provides data analytics and management services.

Prior to that, the early stage VC firm had injected capital in Switzerland-based cryptocurrency wallet startup BRD and also co-led a $5-million Series A round for Indonesian peer-to-peer startup Julo.

A recent deal in the global intelligent video space saw Sydney-based artificial intelligence video startup Oovvuu raise $3.8 million in April in a round co-led by Cygnet Capital and CapitalPitch.

Also Read:

East Ventures, Skystar Capital back software company PHI-Integration

Australia’s AI video startup Oovvuu raises $3.8m

The Artificial Intelligence Gold Rush – has AI funding grown too fast?

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.