UK video analytics startup LivingLens has raised £1.3 million in fresh funding from Angel CoFund and a number of angel investors, including investors from the startup’s time in the Collider Accelerator.
Liverpool-based LivingLens creates software for video mining and analytics. It will use the funds to further develop its platform for enterprise video analytics as well as expanding into the US market and building out its sales and marketing teams.
“We are delighted to announce this funding round, which will enable us to more deeply support our customers, accelerate the development of new capabilities that will add more value for clients, and, ultimately, scale the business,” said CEO Carl Wong (pictured).
“We are now working with some of the world’s largest brands and agencies to help them to get closer to their consumers and drive more value out of consumer video as a valuable source of insight, and expect 2017 to be a really strong year for our business.”
Some of LivingLens’ clients include Unilever and The Carphone Warehouse. It previously raised a £1 million Series A round in 2015.