ETH Zurich spin-off Seervision successfully completed a financing round led by Verve Ventures, along with Athens-based VC Metavallon, the EIC Fund, Zürcher Kantonalbank and existing investors. The funds will be used to scale up sales, leveraging the partner channel that Seervision has built over the past months with leading media technology providers in North America, Japan and Switzerland. To maintain its technological advantages in AI-driven video production automation, Seervision is also expanding its development team, opening an office in Athens to further diversify its talent pool.
Originally founded at ETH Zurich, what started as an idea to improve live lecture recording has grown into a flourishing startup with over 30 employees. Nowadays, the Seervision Suite is primarily focused on automating the overall workflow of corporate studios, stage events and, not forgetting where they started, educational spaces.
Seervision’s clients uses its camera automation technology to professionalize the in-house video production process of hybrid and virtual events. The need to deliver a professional visual identity and run seamless events and presentations has been accentuated by the pandemic, and the demand for in-house video production has never been higher. Combined with the overall challenges of remote work, this trend is one of the most exciting ones to work on as we are coming off the worst phase of the pandemic.
“Seervision is perfectly positioned to profit from the move towards hybrid and virtual events. The demand for cost-efficient high-quality video production is rising fast”, said Michael Blank of Verve Ventures. “Workflow automation is clearly the trend to be a part of right now across various verticals. As a matter of fact, we have already gathered interest from various customers across the United States for Seervision’s technology. We are therefore looking forward to working with Seervision on their expansion into the US market”, added Duane Yoslov, Senior Vice President at Diversified US.
“This is the perfect time for us. The shift to remote work has brought remote production technology five years forward, creating fertile soil for workflow automation companies such as ours. All indicators point in the right direction and it’s just a matter of time before we are established as a market leader”, said Seervision’s co-founder Nikos Kariotoglou.
“Over the past few months, we have successfully collaborated with Seervision to provide state-of-the-art production workflow automation to several key customers across a range of industries. The success of the projects and the gravitas of the customers very well represent the potential of the partnership between Bild+Ton and Seervision for the future”, said Claudio Dommann, Team Leader Purchasing / Administration at B+T Bild+Ton AG.
(Press release / SK)