We are delighted to announce a further £1.3m in funding. Participating in the round is the Angel CoFund, angel investors from our 2014 involvement in the Collider Accelerator programme, plus further angels including successful marketeers and ex-city financiers.
Following significant growth in 2016, today’s funding announcement marks the next stage of growth for our business, which enables organisations to drive better consumer insight via video mining and analytics. We plan to use the funding to accelerate development of our Enterprise video analytics technology platform. In addition, we will further expand our sales, marketing, and customer success teams – including opening operations in the US in order to service our rapidly-growing US client base.
Carl Wong, CEO, said of the funding: “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. 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.”
Tim Mills, Investment Director at the Angel CoFund, commented: “In today’s digitally driven economy, it’s increasingly difficult for brands to capture the attention of customers. Innovative technology to harness consumer insight has never been more important, for which LivingLens is leading the way.”