developer of computer vision systems based on artificial intelligence (AI) and
neural networks has attracted investments of $13 million from The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and leading sovereign wealth funds from the Middle East.
The investment by RDIF and partners will enable NtechLab to expand its technology and product range, supporting the company's active expansion in the key markets of the Middle East, Southeast Asia and Latin America.
Among the areas that NtechLab plans to develop automatic detection of aggressive behavior as well as vehicle recognition, including for tracking the transportation of household waste and compliance with recycling procedures.
The company also plans to provide solutions for the entertainment industry as well as banks, trade centers and hospitality industry companies.