# Umbo Computer Vision

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/umbo-computer-vision

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.umbocv.ai
- Total disclosed funding: $9.6M
- Latest round: Series A (Oct 25, 2017)
- Investors on record: 6

## About

Umbo Computer Vision Inc. specializes in advanced video security solutions using AI technology to enhance surveillance efficiency and reduce false alarms, catering to diverse industries in North America and Asia.Founded in 2015, Umbo Computer Vision Inc. is based in San Francisco, US. The company has raised a total of USD 8.00 mn in funding, with the most recent funding round occurring in October 2019, which was co-led by new investors Susquehanna International Group and TransLink Capital, alongside participation from Shin Kong Venture Capital and Taiwan Shin Kong Security Co., Ltd. The company was established by P Ll, Shawn Guan, who serves as CEO. Umbo has successfully closed 3 deals to date.Umbo Computer Vision Inc. specializes in advanced video security solutions, primarily through its core product lines: AiCameras, which include AiDome Plus and AiBullet Plus, as well as the TruePlatform. These products leverage artificial intelligence to provide accurate monitoring of human and vehicle events, aiming to significantly reduce false alarms and enhance security effectiveness. Designed for a diverse client base that includes monitoring stations, system integrators, and end users, Umbo's offerings serve various industries where security and surveillance are paramount. The AiCameras are particularly aimed at urban environments and commercial spaces in North America and Asia, providing essential coverage and real-time alerts to enhance safety. Released in recent years, the products have gained traction due to their reliable performance and user-friendly interfaces, contributing to an improved security landscape for clients.Umbo Computer Vision generates revenue primarily through a subscription-based model and direct sales of its flagship products, including AiCameras and the TruePlatform. Transactions typically involve partnerships with system integrators and monitoring stations, where clients pay for access to the AI-driven features of the cameras and software solutions. This business structure allows for ongoing revenue generation as clients subscribe to services that include regular software updates and support. The company’s pricing plans are structured to accommodate various client needs and scale according to the number of units deployed, facilitating both small and large-scale security implementations. Such arrangements ensure that Umbo maintains a steady revenue stream while delivering critical surveillance capabilities to its diverse customer base.Umbo Computer Vision Inc. aims to expand its product line with new offerings designed to enhance video security capabilities, although specific product launch dates have not been disclosed. The company plans to penetrate additional markets across North America and Asia by the end of 2023, utilizing its recent funding of USD 8.00 mn to support these initiatives. The funds raised in October 2019 will be directed towards product development and market expansion efforts to capture a larger share of the surveillance technology market.

## Funding rounds

- Series A, Oct 25, 2017, $6.8M — China Development Financial Holding Corporation, AppWorks, Mesh Ventures, Substance Capital (HK) Limited
- Seed, Mar 29, 2016, $2.8M — AppWorks, Wistron Corporation, Phison Electronics, Mesh Ventures

## Investors

- AppWorks (https://capitalatlas.ai/funds/appworks) — Seed, Series A
- Wistron Corporation — Seed
- Phison Electronics — Seed
- Mesh Ventures (https://capitalatlas.ai/funds/mesh-ventures) — Seed, Series A
- China Development Financial Holding Corporation — Series A
- Substance Capital (HK) Limited — Series A