€1.5m Funding for Overcast’s AI Video Platform To Make Videos More Searchable

We’re delighted at the media interest in our recent announcement that, in collaboration with Kinesense, we have been granted 1.5m Funding for Overcast, under the Irish Government’s Disruptive Technology Innovation Fund to develop VISP: Video Intelligent Search Platform. This platform will use artificial intelligence to categorise and understand content for the security and entertainment markets. The three-year collaboration is expected to create 46 jobs.

The following news articles give more details about the new technology and our plans for global expansion:

AI video platform nets €1.5m from Disruptive Technology Innovation Fund — Tech Central

“Overcast CEO Philippe Brodeur said: “The entertainment market is consolidating and there is a massive demand to make it easier to manage video content. As the company that is leading the development of solutions for all video workflows, we are delighted the Irish Government has backed us to develop a global standard for video asset management. The investment will help us to hire new people and move faster into a market under disruption.”

Tech Central

Video tech firm Overcast makes media plans — Irish Examiner

“The new Video Intelligent Search Platform (Visp) will, according to Overcast chief executive Philippe Brodeur, be used by his company and Kinesense to target a €50bn global market and generate an estimated €9m of sales by 2024.“

Irish Examiner

Different angles: why Overcast and Kinesense are teaming up to revamp video analysis using AI — Fora

“There’s such a volume of content that they need to be able to search it and find what they’re looking for without having to scroll through it all. There just aren’t enough man-years to be able to do that,” Philippe Brodeur, the Overcast chief executive, said.”

Fora

Look at our other News reports.

If you’d like further information, please contact Overcast CEO Philippe Brodeur on philippe@overcasthq.com