2 SaaS Startups in the Image Recognition Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Image Recognition industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Image Recognition industry.

omniX labs

A platform for vision insights is omniX. We analyze the physical interactions that occur within your company, forecast the future, and optimize.

Company details:
Founders:
Anoop Kanthan, Muthla Al-Sayer
Founded:
2018
Based in:
New York, New York, United States
Website:
omniX labs
Industries:
Analytics, Artificial Intelligence, B2B, Image Recognition, Machine Learning, SaaS, Software
Latest funding:
$2,900,000
Seed
13 July 2021
Total funding:
$6,150,000
Investors
Techstars, Everwash, C2 Ventures, Newark Venture Partners

Reckon.ai

Reckon.ai have been working with several retail customers for the last years and they found that the task of competitive analysis in this vertical is still in the early days of what modern technology can do for them. You wouldn’t believe the number of problems and inefficiencies screaming for solutions in the digital age. So they decided to build Reckon, a cloud platform for smart retail product analysis and price comparison that uses powerful machine learning algorithms, data fusion and computer vision to reshape the way retailers get their competitive intelligence data.

Company details:
Founders:
Ana Pinto, Paulo Ribeiro
Founded:
2017
Based in:
Lisboa, Lisboa, Portugal
Website:
Reckon.ai
Industries:
Artificial Intelligence, Big Data, Image Recognition, SaaS, Software
Latest funding:
$1,772,842
Seed
8 September 2021
Total funding:
$1,772,842
Investors
Portugal Ventures, Bright Pixel, WISENEXT, Armilar Venture Partners, Dominique Locher

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