Deepomatic, a start-up specializing in image recognition, has announced a €2.3 million round of financing from the investment fund Swisscom Ventures. The French start-up markets a software suite for developing applications based on image recognition and computer vision. Deepomatic now wishes to focus on the telecommunications market after having focused on the health and transport markets.
Deepomatic, the company specialized in image recognition
Based in Paris and New York, Deepomatic was founded in 2014 by Augustin Marty, Vincent Delaitre and Aloïs Brunel. Deepomatic’s goal is to support companies and institutions in designing applications using cameras, computer vision and image recognition. In 2019, the French startup had raised the sum of 6.2 million dollars, supported by Alven and business angel Bertrand Diard, co-founder of Talend.
In 2020, Deepomatic said its AI solution had supported more than a million interventions, and the startup now wants to double that number by 2021. Several companies use this software, including large groups such as Sanofi in the health sector, Indigo in the world of transport, but also telecom operators such as Swisscom or Bouygues Telecom.
Deepomatic’s entry into the telecom sector coincides with the brand’s desire to meet the EU’s Internet connection requirements. According to the European Commission’s objectives, all European households should have access to an Internet connection of at least 100 Mbit/second.
Fundraising to focus on the telecommunication field
Deepomatic would like to use AI and image recognition to analyze the state of telecommunication networks and guide technicians in their decision making. The fundraising of 2.3 million from Swisscom Ventures and Octave Klaba, CEO of OVH, should help meet the requirements of the telecom sector. The objective is to improve the platform already developed by Deepomatic so that it can address several issues around field services management:
- process optimization to support technicians in the field
- traceability of operations
- quality management
Augustin Marty provides details about the future strategy adopted by his company:
“We believe that in the next ten years, all companies with significant field activities (telecom, construction, infrastructure and energy) will use image recognition to optimize field processes, as other sectors (financial services, insurance, etc.) have been able to do with CRM and administrative process automation. […] Our strategy and all our investments are geared towards this. Together with our customers, we are developing a breakthrough solution. The entry of Swisscom Ventures is extremely significant in this respect.
Swisscom Ventures head Dominique Mégret on the partnership with Deepomatic:
“Our teams at Swisscom have selected the Deepomatic computer vision solution for all our installers, in order to continue to deliver a reliable, quality service to our customers while remaining at the forefront of technological innovation. In addition to the quality of their technology stack, Deepomatic’s team has developed a real know-how in our industry and we are looking forward to this new partnership, through our Swisscom Ventures investment, to better anticipate the future needs of telecom leaders.
Translated from Deepomatic lève 2,3 millions d’euros afin de développer sa solution dans le domaine des télécommunications
