Crosspoint Capital Partners (Crosspoint), a private equity firm focused on the cybersecurity, privacy and infrastructure software markets, has made an investment in Everseen, a specialist in AI-powered computer vision software.
Everseen’s technology brings patented AI-powered computer vision to core business processes. The technology has achieved critical mass in the Retail sector across processes such as self-checkout and inventory management. Everseen’s solutions have the highest accuracy in the market and improve retailers’ margins by up to 20 per cent by reducing shrinkage at checkout and improving operations throughout the store.
“We are thrilled to have the support of Crosspoint. Their partnership will help expand our network of customers and partners, and prepare Everseen for its next stage of growth,” says Alan O’Herlihy, Everseen Founder and CEO. “Crosspoint brings a wealth of experience and success in infrastructure AI that we expect will open huge possibilities for Everseen. Most importantly, Everseen and Crosspoint share a commitment to responsible and ethical AI and our relentless drive to push the boundaries of innovation.”
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.