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[jack ladd] 14/11/2022 07:58

You must have bought in Sweepie. Good luck lol

[richer133] 01/11/2022 08:44

EVERYANGLE raises €2.7 million to accelerate international expansion
EVERYANGLE, the Dublin-based computer-vision company that helps physical retailers, hospitality venues, and convenience service stations to optimise operations, is pleased to announce it has completed a €2.7 million fundraise to accelerate sales, invest in ongoing product development and drive further expansion in the US and UK.

The funding round was co-led by Sure Valley Ventures, Act Venture Capital and Furthr VC (formerly DBIC Ventures) and with participation from Enterprise Ireland.

EVERYANGLE’s platform uses computer vision and machine learning to analyse CCTV footage for events of interest, without the need for human review. With the number of CCTV cameras deployed globally set to double from 1 billion to 2 billion in the next 3 years, enterprises are increasingly surrounded by oceans of video. However, less than 0.1% of CCTV video captured is ever reviewed by a human being, due to time and cost factors. EVERYANGLE’s unique platform analyses video footage rapidly and cost effectively at-scale to help retailers, hospitality providers and fuel station operators gain rich in-store customer insights, reduce loss and optimise their operations.

Customer Insights – with less than 40% of visitors generating a digital footprint in brick-and-mortar retail stores and hospitality venues, the in-store customer has historically been far more challenging to analyse than their online counterpart. EVERYANGLE levels this playing field by providing high fidelity analytics on customer footfall, demographics, in-store journey and sales conversion, enabling the effectiveness of store marketing campaigns, opening hours and visual merchandising to be rapidly split tested and measured.

Loss prevention – customer theft and staff fraud at checkout costs retailers and hospitality venues upwards of 1% of gross revenue annually. With these costs trending upwards during periods of low economic growth, the ability to identify checkout loss, cost effectively at-scale in today’s marketplace has the potential to deliver significant savings that drop straight to a retailer and hospitality operator’s bottom line. EVERYANGLE’s platform identifies scan avoidance events at self checkout, spots suspicious refunds, voids and card activations and reduces the cost of investigating suspicious transactions at checkout by 90%.

Optimized Operations – The number of job openings across the retail and hospitality sectors has increased 53% compared with 12 months ago. This is the largest worker shortage in a single sector in decades according to data from the US Bureau of Labor Statistics. The imperative to understand precisely how many staff are required, at what times, in which locations and performing what activities has never been more pressing. EVERYANGLE’s platform reduces labour costs by 1 hour weekly per employee by aligning work schedules with customer traffic flows, alerts staff when checkout queues exceed threshold KPIs, and avoids over-ordering inventory with live stockroom utilization reporting.

The Company is based in Ireland and plans to increase headcount over the next 24 months, with recruitment underway for key hires in machine learning, data science, software engineering, product management and sales.

EVERYANGLE has developed strategic go-to-market partnerships with major vendors including Cisco and SAP, global distributors such as TD Synnex, as well as international reseller partners including CDW and WWT. These extensive partnerships enable EVERYANGLE to serve a range of sectors globally, including Retail, Hospitality and Convenience Service Stations, with customers including Mulberry, Peloton, Oxford Industries, Joey’s Restaurant Group, Vinfast and RaceTrac.

EVERYANGLE CEO David Owens commented: “We are delighted to receive this investment to launch the next phase of our growth. With the number of CCTV cameras set to grow by 100% globally, our platform is becoming ever-more critical to ensuring retailers, hospitality venues and convenience service stations can leverage at scale all of their video data to improve the in-store customer experience, reduce theft and fraud, and deliver real operational cost savings. We’ve developed long-term partnerships with customers who trust our expertise to successfully address and solve even their most complex business problems. Having had a positive response from the market to date, particularly in the USA, we look forward to accelerating our sales, implementing our product roadmap and growing our team over the coming months.”

Isabelle O’Keeffe, Partner at Sure Valley Ventures commented: “This is an exciting business with international ambitions. We are delighted to support the EVERYANGLE team in tackling the growing challenges of better understanding in-store customer behaviour, improving loss prevention, and delivering operational cost efficiencies. EVERYANGLE fits ideally with our goal to back companies which have exciting potential to disrupt industries and scale up, and in doing so, deliver robust returns for the economy and society at large, the founders and their team.”

Debbie Rennick, General Partner at Act Venture Capital commented: “We are delighted to support David and his team to accelerate their international growth. EVERYANGLE has a great technology platform with multiple applications providing strong business benefits for its customers. The market opportunity is very large and growing rapidly; they have an exciting future.”

Richard Watson, Managing Partner at Furthr VC commented: “The level of participation by three VCs in the investment round in EVERYANGLE underlines the strength and depth of their team, the level of sophistication of the EVERYANGLE platform and the size of the global opportunity. We are highly impressed by the management team and look forward to working closely with them in scaling the business.”

Baker Tilly corporate finance and tax advised the company on the funding round with Elaine McGrath of Reddy Charlton LLP providing legal advice.

[kaos3] 29/9/2022 09:03

do you notice -Pluto moved from the first to be mentioned to the last one ... it does not meant it is a basket case !!!¸¸1

[kaos3] 29/9/2022 08:54

a very good report. finally !!!

[andre] 28/9/2022 17:16

It's the entire board. Useless imho.

[steveberyl] 26/9/2022 12:55

Pires performance proves beyond any doubt that SISTO is totally unsuited for the role as CEO of anything.

[boxerdogz] 24/8/2022 13:29

investor12523 Aug '22 - 17:26 - 4773 of 4774
0 1 0
Oh dear...oh dear...oh dear Boxer. What a dog this is..Oh dear.

Woof !

[one_frankel] 23/8/2022 17:57

Its just fantasy investing for the blatantly deluded fra_ud Investor 125 so I doubt there's much to be worried about anyway!

[investor125] 23/8/2022 17:26

Oh dear...oh dear...oh dear Boxer. What a dog this is..Oh dear.

[boxerdogz] 13/8/2022 11:08

PIRI
RGO
CCAP

ching ching

[ellipses] 09/8/2022 20:08

Blimey.

Has someone kidnapped Sweepie2 or has he dumped his Tern in favour of Pires?

...

[boxerdogz] 08/8/2022 12:44

Good luck Bap

[steveberyl] 08/8/2022 12:23

Quite simply, A Gentleman. Good luck elsewhere, i have some of your others.